After plunging by 29% from the high of $2.97 seen on 4 January 2011, fortunes appear to have reversed for IndoAgri. The downtrend from early January 2011 has showed signs of fatigue. Firstly, a bullish divergence has been detected from the MACD Histogram where price actions make a lower low but MACD Histogram displays a higher low in the same corresponding period. Secondly, IndoAgri has displayed a pair of higher low on 29 March 2011. These observations suggest that the bears have lost their momentum and IndoAgri is on the verge of a trend change to the upside. A break above the immediate resistance at $2.51 may see a further rally to target $2.64 next. On the other hand, failure to hold above the immediate support at $2.20 may damage the bullish tone to see a slide towards $2.10