RupinGoh

ADRO BIG RISING WEDGE - ID & EN INDONESIA'S STOCKS

RupinGoh Updated   
IDX:ADRO   ADARO ENERGY INDONESIA TBK
EN : WE CAN SEE THAT ADRO IS MAKING A BULLISH CONTINUATION AND NOW IS THE SECONDARY REACTION, BUT IF WE CONNECT BOTH UP AND DOWN TRENDLINE WE CAN SEE ADRO IS FORMING A PATTERN CALLED RISING WEDGE WHICH IS THIS PATTERN CAN MAKE THE PRICE TO A BEARISH MOVEMENT (EITHER SHORT TERM BEARISH OR A LONG TERM BEARISH) ADRO PROBABLY WILL DOWN TO @1000 THIS IS THE FIBONACCI EXTERNAL RETRACEMENT OF 1.618 WITH SUPPORT CLUSTER AFTER HIT @1000 ADRO GOT A VERY BIG CHANCE TO PULLBACK (SECONDARY REACTION FROM BEAR MOVEMENT) AND CONTINUE THE PATTERN. THE SECOND TARGET PRICE FOR ADRO IS @865 THIS IS THE AREA END OF THE RISING WEDGE PATTERN ALSO CLUSTER WITH THE CLASSIC SUPPORT & FIBONNACI 2.618 RATIO.
IMPORTANT NOTE ::::
-IF ADRO NOT YET BREAK THE RISINGWEDGE PATTERN ADRO GOT A CHANCE TO PULLBACK AROUND @1255 (AND ABOVE NOTE IS FOR AFTER THE RISINGWEDGE BREAKOUT.
-AFTER BREAK OUT AND HIT THE FIRST TARGET (@1000) ADRO ALSO CAN REBOUND TO HIS BULLISH PATTERN AGAIN! OR WE CAN SAY THAT THE SECOND TARGET (@865) IS CANCELED


ID : KITA BISA MELIHAT ADRO SEDANG MEMBUAT KELANJUTAN BULLISH DAN SEKARANG SEDANG MENJALANI 2NDARY REACTION, TETAPI JIKA KITA MENGHUBUNGKAN TRENDLINE ATAS DAN BAWAH KITA BISA MELIHAT ADRO SEDANG MEMBUAT SEBUAH PATTERN RISING WEDGE YANG AKAN MEMBUAT HARGA KE BEARISH (ANTARA BEARISH JANGKA PENDEK ATAUPUN JANGKA PANJANG) ADRO AKAN TURUN KE @1000 INI ADALAH AREA FIBONACCI 1.618 YANG BERSINGGUNGAN DENGAN AREA CLASSIC SUPPORT DAN SETELAH MENYENTUH AREA @1000 ADRO PUNYA KESEMPATAN BESAR UNTUK PULLBACK (SECONDARY REACTION DARI BEARISH) DAN MELANJUTKAN PATTERN TERSEBUT. TARGET KE DUA DARI ADRO ADALAH @865 INI ADALAH AREA AKHIR DARI RISING WEDGE TERSEBUT DAN JUGA BERSINGGUNGAN DENGAN AREA CLASSIC SUPPORT DAN JUGA RASIO FIBONACCI 2.618

NOTE PENTING !! ::::
-JIKA ADRO BELUM MENEMBUS RISING WEDGENYA SENDIRI, ADRO JUGA BISA KE AREA @1255(PERNYATAAN ATAS ITU ADALAH SETELAH RISINGWEDGE SUDAH DITEMBUS)
-SETELAH BREAKOUT AND MENCAPAI TARGET PRICE PERTAMA(@1000) ADRO JUGA BISA MEMENTALKAN HARGA BALIK DAN MELANJUTKAN BULLISHNYA LAGI! ATAU BISA DISEBUT TARGET PRICE KE 2 (@865) BATAL


DISCLAIMER

DISCLAIMER
No information published constitutes or offer, or recommendation, or advice, to buy or sell any investment instrument, to effect any transcation, or to conclude any legal act of any kind whatsover.
The information published and opinions expressed are provided by myself (Rupin Goh) for personal use and for educational purposes only and area subject to change without notice. Rupin Goh makes no representations (either expressed or implied) that the information and opinion expressed guarantees accuracy,adequantess or completeness. In particular, nothing contained consitutes financial legal, tax or other advice. nor should any investment or any other decision be made solely based on the content.
All opinion is based upon sources that Rupin Goh believes to be reliable but he have no guarantees that this is the case. therefor, whilst every effort is made to ensure that the content is accurate and complete, Rupin makes no such claim.

Limitation of liability
Rupin disclaims, without limitation, all liability for any loss or damage of any kind including any direct, indirect or consequential damages.

Copyright
All material produced is copyright to Rupin and may not be copied, emailed faxed or distributed without the express permission of Rupin

Notes: all orders are valid until the next report is published, or a trading strategy alert is sent between reports.
Trade closed: stop reached:
SORRY FOR THIS TIME FAILED TO REACH THE TARGET OF RISING WEDGE
THE SECTOR FUNDAMENTAL IS (CHINA BOUGHT COAL) SO THE PRICE SUPRISINGLY WENT UP
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.