Wait and see, therese possibility to fill down the gap first so it can move/rally bullish trend again
Currently IHSG is facing a correction phase after a massive rally since the novel COVID-19 market shocks. Based on fibonacci retracement, the B wave target correction is around 5917 - 6029. After the B wave correction, we might be facing another sideways market with ABCDE corrective pattern. If IHSG breaks the minor trend line (red dashed line), we can start...
Hi, Jakarta Composite Index (IHSG) has been on the downtrend for the last one month. If we look at the chart, we can find a double top which the support has been breached and become a resistance. The Index has just tested the resistance and pull back which can signal a possible downtrend. The key points for a further down will be : 1. Covid 19 Vaccination has...
MBSS : Energy Shipping Company The chart is bullish Supporting data: 1. Price making a bullish trend, Higher Low one after another 2. Confirmed Cup and Handle (a perfect 61.8% Fibo) which already broke previous supply zone and retraced 3. The retracement happen with a bounce inside the green box (which describes a demand zone on weekly timeframe) 4. What will...
The retracement of IDX gives us second opportunity to grab HMSP. Shown here is a 4 hour timeframe analysis Several data to support this analysis (based on multiple timeframe) 1. The downside to the level of 1270 close the previous gap seen in 1 Hour TF and now closed. 2. Market structure breaking previous supply zone seen in 4 hr tf and 1d TF happened in May...
Supporing Data: - Midterm, the structure is still uptrend identified by price still making Higher Low - 3 Days TF, SR flip has been highlighted in the greenbox - Several Bull Engulf if zoom in in the daily timeframe (in the zoom between 138-140) concurrent with a setup of retracement The level of 170 is where the sellers are as the price is difficult to...
After tapped daily supply at around 6500, it should retrace as this denotes healthy for IDX to have upward movement This may be how this will play out in my opinion Retracement to the range of 5717 - 5750 is expected before upward movement. Several data to support the confluences: - It represents the level of 1H previous supply that has been broken and now act...
bbri on track TP 5000-5100 DISCLAIMER ON NOT FINANCIAL ADVICE
Buy if > 590 ( Aggressive ) Break 590 and price retouch 590 ( Conservative ) SL < 500 Target1 750 Target2 840
Buy if > 153 ( Aggressive ) Break 153 and price retouch 153 ( Conservative ) SL < 140 Target1 190 Target2 220
Buy Area: 1520-1525 SL < 1430 Target1: 1630 Target2: 1720 Target3: 1870
POSSIBLE PATTERN : - ASCENDING SCALLOP - CUP AND HANDLE -------------------------------- ※ DON'T FORGET TO USE TRAILING STOP 5% ※ ENTRY BUY: - BUY ON BREAK OUT: 816 - 817 - ENTRY BUY AT RANGE PRICE OF 755 - 785 (CLOSEST RESISTANCE TO BE BREAK IS AT 815) --------------------------------------------------------------------------- ※ TARGET PROFIT 1: 865 (FIBONACCI...
Trading plan as attached on the chart. May the profit be with us!
Short Term Trading Consider to BUY if price > 169 Target1: 195 Target2: 210 Domestic : Foreign Composition = 50:50 LONG TERM PBV BEST is still under its 5 yrs average (0.64), current = 0.36
ASII is a retail favorite LQ45 stocks, including me. But a few days ago, I decided to sell ASII with loss. Here is the reasons: 1) After bouncing back from support at EMA100 and breaking EMA50, it turned out that ASII was unable to break through to EMA20 and turned back to EMA100. 2) When it fails to break EMA20 at 6275 and then goes down, the chart formation is...
Hello traders & investors... how are you? I hope all of you are healthy & prosperous. Today, I try to capture the movement of IDX Composite for the next 6 months, 'till August 2021. IDX Composite will tend to move sideways until June 2021 because the FY'20 earnings result might release "as expected", and Indonesia soon will entering the fasting month (mid of...
WEGE Plan is attached on the chart May the profit be with us!