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BaldAndBold1385
Jul 16, 2023 12:31 PM

ADRO: A Death Cross Curse? Short

ADARO ENERGY INDONESIA TBKIDX

Description

Moving Average trend indicators are running into a death cross in IDX:ADRO, giving a sign for mid-term downtrend to sustain. My swing low targets are placed at level 1705 to 1730, leaving a sharp drop around 26 to 27% downside.

I hope my chart perspective would be wrong, but if.. it happened, you guys had been warned from the start.
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