FUNDAMENTAL ANALYSIS 70% FROM CHINA MAINLAND AND 30% TECHNICAL
ADRO made 2nd reaction towards FIBO retracement 38,1% and Classic Support Buy on Weakness (Note : Waiting Confirmation for reversal), range 1400 - 1430 TP 1 - 1600 (classic resistence) TP 2 - 1720 (FIBO retracement 161,8%, FIBO Extension 61,8%, classic resist 12/2019) Stop Loss 5% - 7,5%
EN : WE CAN SEE THAT ADRO IS MAKING A BULLISH CONTINUATION AND NOW IS THE SECONDARY REACTION, BUT IF WE CONNECT BOTH UP AND DOWN TRENDLINE WE CAN SEE ADRO IS FORMING A PATTERN CALLED RISING WEDGE WHICH IS THIS PATTERN CAN MAKE THE PRICE TO A BEARISH MOVEMENT (EITHER SHORT TERM BEARISH OR A LONG TERM BEARISH) ADRO PROBABLY WILL DOWN TO @1000 THIS IS THE FIBONACCI...
ADRO mengalami downtrend minor, bila mampu menguji resist di 1145 akan mencoba kembali ke 1180. disclamer on
ADRO Pattern Ascending Triangle Risk:Reward if break = 1:5 Volume: Volume baik saat harga naik dan sebaliknya sempat mencoba break kemarin namun gagal. masih tersisa beberapa waktu sebelum sinyal melemah. area resistance sangat berat dibawah ada ma 200 dan tertahan juga oleh fibo golden ratio 0.618 apabila sudah melewati waktu break ideal, perlu...
ADRO telah berhasil menembus 1240, bila esok lanjut, maka akan menuju ke 1350. semoga disclamer on