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PT Acset Indonusa TbkPT Acset Indonusa TbkPT Acset Indonusa Tbk

PT Acset Indonusa Tbk

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ACST trade ideas

ACST.JK , trying to reverse from its down trendAfter trying to break out from its down tred, IDX:ACST now in rather sideways movement. Clearly price level 300 was being tested several times before the price plunged down to 220 on 23th August 2021. The interesting thing is, after that date, price movement is going up; with several corrections along the way. As you can see each time the price was corrected, it was followed by weak volume. The candle was not trying to make lower low, but rather higher high. Today, 6th September, with positive MACD, the price heading up, with also previous correction was followed by weak volume. As per 6th September 2021: Close price at 268 S1 264 S2 234 S3 208 R / Target 300. Would be nice if 300 can become support.
IDX:ACSTLong
by BagoesDwijadmika