I got a starting position today at the first move of UNVR after encountering a huge decline.
The stock is in a confirmed stage 2 uptrend, low-risk entry, and just broke out of a cheat level.
PT. Unilever Indonesia Tbk (UNVR) is engaged in the manufacturing, marketing and distribution of consumer goods including soaps, detergents, margarine, dairy based foods, ice cream, cosmetic products, tea based beverages and fruit juice.
Even though IDX:UNVR is still in a downtrend, this April IDX:UNVR looks like there is a bullish potential. There are 3 things...
Last week, Univar Solutions NYSE:UNVR made a breakout off a symmetrical triangle. And today, with a gain of +4%, is the follow through day.
IBD Investors gives a #2 Industry Rank and relative strength rating of 89. Also, as its earnings, EPS and profit margins show 2 consecutive double-digit increase, NYSE:UNVR is posed to make a good run.
But, with the...
While IHSG (Indonesian stock exchange) has been on a major bull run since March 2020, and yet we witnessed a huge weakness on UNVR that seems like a never-ending downtrend. But in September 2021, UNVR has shown some strength in the market. Are we out of the woods yet? We certainly don't know, but we can speculate based on the recent impulsive move to the upside....
my opinion there is 2 scenario it will continue go down to strong support 6875and potential rebound, or market agree to break its strong support until next support 6500.
Disclaimer:
This information is for educational purposes and is not an investment recommendation nor to be representative of professional expertise. This analysis used herein is for...
We can look for BUY after a consolidation around the breakout.
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The price can go further down if we take a look at the chart.
The price has break below the red box twice, first with the false breakout and now finally break it possibly go to the next support area / buy area #1 at 6500.
The First scenario is when the price come to buy area #1, strategy is we will wait for the price to consolidate in the buy area and wait for...
