Finally, the minor downtrend IDX:ARTO has been broken.
By using Fibonacci Retracements, I set the target price cluster ranged from 3080 to 3470, then I picked 3280 as a base level to calculate its upside. It can give us 28% upside from current price 2540, that's premium!!
Let's think positive, and buy & hold!
Arto keeps get inflow from foreign keep its path to bullish, chasing to 22.000 price target from inverted head and shoulder. its common that movement after break neckline resist of inverted head and shoukder, retesting its support at neckline.
14 jan 2022 already prove arto made its swing low at neckline and chasing nearest resistant at 19.000 then 19,600 (fibo...
ARTO terdapat pola inverted head n Shoulders, dan price sudah breakout resist nya disertai volume. so far Arto ini masih di fase accumulasi. forcast kedepannya arto akan terkoreksi membentuk struktur higher low di neckline nya area cluster (16.950) atau di area downtrend line nya (15.750). Major trend ARTO masih dalam fase uptrend dan primary trend sedang difase...
ARTO membentuk pola Inverted Head and Shoulder dengan Volume Besar,
Plan BOB:
BUY ; > 15625
SL : > 12500 (8%)
TP : > 22300 (42%)
Risk In Your Hand
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I've determined my mathematical stops, I do like how the stock moves so far when its price action develops so tight on the right side.
Well, I am watching this closely.
Hello Traders, here's your free outlook for ARTO! Don't forget to smash the LIKES, COMMENT, and FOLLOW button to support the channel :D
ARTO is creating the bullish flag pattern. Breakout of Bullish flag is indicating the possibility of upward movement to the target or resistance area. The momentum indicator is crossing up above the zero level. Therefore, there...
