Ready for end year rally. ADMR looking to start wave 5 and try to break out the pattern. The demand and price of coal probably increase in the end of the year, so this stock will probably inline to increase significantly (hope). What do you think? Will it happen?
Technical Analysis After moving in the sideways trend for a while, ADMR made a descending broadening wedge pattern. Furthermore, ADMR has broken out of the Falling Wedge Pattern. The Breakout could indicate a possible starting point for the Markup Phase. The Markup Phase is the stage of price breakout of the trading range and starts to rise steadily. Therefore,...
At this point I expect ADARO to go up. here are some reasons 1. Elliot wave analysis on Adaro shows that it is currently correcting (Zigzag) and will form the last impulsive wave (wave 5) 2. Adaro is in a tight supply and demand area at Fibbonacci 38.2%-61, 8% . 3. The resistance line at 1900 has been broken (round numbers crossed are usually a good sign). ...
Breaking out of a power play from a low cheat pivot level. I missed a position on the earlier power play as it has a wide range of percentage risks.
At this time, we have a great opportunity to take entry set up for ADMR which has continuation pattern and its already breakout with huge volume. we're not just analyse only with technical analysis. Talks about fundamental, price of commodities are increasing right now during what's just happened between russia and ukraina. Such as gold, oil, coal, etc. Note...