Currently, I am long on indofood, and you can see from the chart that it is in a nice uptrend channel with quite some space to its next level of resistance at 2.58. Olam recently exhibited a similar pattern.
https://synapsetrading.com/wp-content/uploads/2019/10/logo.jpg 0 0 Spencer Li https://synapsetrading.com/wp-content/uploads/2019/10/logo.jpg Spencer Li2010-09-07 03:22:002020-02-10 11:46:17Commodities on the rise – Indofood and Noble | Technical Analysis | Singapore Stocks
Noble seems to be the laggard in the commodities sector, but it has found decent support, also exhibiting a double bottom test, followed by a pullback. This double bottom pullback pattern is very bullish, plus it has just broken out of the price channel.