mmdandytra
Long

POWR starts Uptrend to Rp1,400

IDX:POWR   CIKARANG LISTRINDO TBK
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2
POWR has broke Resistance at Rp1,000 on Sept'19. At that time, POWR has confirmed Bullish Reversal pattern ( Double Bottom ) which indicates an Uptrend to at least Rp1,200.

POWR has reached the target (at Rp1,200) on early Oct'19 but then since it is an early Uptrend, I predict POWR will continue an advance to strong Resistance at Rp1,400.

POWR is now in the late phase of Throwback (the fall after Breakout Resistance). POWR should stay above Rp1,000 to maintain the Uptrend course back to Rp1,200 and then to Rp1,400.
Trade closed: stop reached

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