Price not able to maintain support, now retesting 16550-16750 as primary support. Deeper target would be width of the large wedge but it's very plausible to make a higher low at later range and continue upwards.
Good support at 15900-16150 and deep support at 14750-15300.
Was in a number of private discussions over this week, and noted that there appears to be some dynamics in motion currently.
Quick note that the Singapore 6th COVID wave is pretty turned over, according to the data provided publicly. It was a smaller wave compared to previously, as expected.
However, the neighbouring Indonesia is currently in the midst of a wave...
Digital Financial Asset Privacy is the new Oil.
Indonesia shell company micro-caps are not!
be safe with this ticker, it could still double again from $40
however risk is best managed by exiting all positions here, in the moment of peak euphoria and illiquidity
$AGII of IDX
Technical:
Rising Wedge breakdown followed a textbook ABC pattern
Breakdown will result in freefall to a strong first support at 1400 area, followed by a failed attempt to push past the bottom channel of the wedge and will start another freefall to the next support at 800 area inside 0.618 fib area.
Fundamental:
The trigger would likely be the...
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A probable nice opportunity here with the INDO price running again in its historical narrow channel.
BingX’s Bitcoin Chart
According to Glassnode, 65.772% of the Bitcoin circulating supply has not been active for more than one year, a record high. Bitcoin is up 0.82% over the last 24 hours and rose to an intraday high of $20,058.01. The U.S. Bureau of Labor Statistics released the nonfarm payrolls last Friday, which shows that the U.S job market added 315,000...
Technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume.
Technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume.
The inflation situation right now impacted to Indonesia Stock Market, yet I think JKSE will eventually moving to a bear trend.
My personal view using elliott wave, JKSE will reach the area of 6050 - 6236 sooner or later.
DYOR
