PT Merdeka Copper Gold Tbk (
MDKA) is an Indonesian holding company headquartered in Jakarta, specialising in the exploration, extraction, and production of gold, silver, copper, and other essential minerals.
A classic bullish cup and handle continuation pattern is forming onMDKA, signalling potential upside after consolidation. A close above 2,700 IDR (right rim/resistance) on higher volume would validate. Reversal from downtrend; adds confluence to cup.
- RSI: neutral-to-bullish without overbought extremes.
- MACD showing positive histogram divergence.
- Volume spikes on the breakout candle, indicating buyer conviction.
The chart's structure is predominantly bullish, with no clear bearish patterns.
Long position with target 2700.
MDKA) is an Indonesian holding company headquartered in Jakarta, specialising in the exploration, extraction, and production of gold, silver, copper, and other essential minerals.A classic bullish cup and handle continuation pattern is forming on
MDKA, signalling potential upside after consolidation. A close above 2,700 IDR (right rim/resistance) on higher volume would validate. Reversal from downtrend; adds confluence to cup.- RSI: neutral-to-bullish without overbought extremes.
- MACD showing positive histogram divergence.
- Volume spikes on the breakout candle, indicating buyer conviction.
The chart's structure is predominantly bullish, with no clear bearish patterns.
Long position with target 2700.
My opinions and other information shared is not intended to be and do not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort.
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.
My opinions and other information shared is not intended to be and do not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort.
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.