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ggmich
Feb 14, 2021 1:26 PM

ASII RSI 14 Divergence Bearish Potential EN Short

ASTRA INTERNATIONALIDX

Description

This is personal opinion not a recommendation nor a signal, disclaimer on.

There is negative divergence between the price and RSI indicator. However this divergence doesn't confirmed yet, the confirmation came from violation of the current bull trendline. There is 2 Scenario that would likely to happen if the analysis correct. Its either a trendline breakout into previous swing low level in 5200, or it can make head n shoulder pattern since there is positive sentiment for this automotive industry.
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