ERA now on its way of intermediate wave (3) --
buy on weakness on correction wave (2) minor as a construction of wave
Stock recommendation of ERAA,
buy on weakness in range 474 to 480 - it is fibo range of 0.6 - 0.5
this bullish scenario will fail when price breakdown of 450.
ENGLISH:
By paying attention to the consistency of the IDX:ERAA market movement, it can be predicted by using a descending parallel channel and three repeating patterns, the ERAA market will bounce to 525-540. If there is a daily market opening above 540 then there is a high probability that IDX:ERAA will break free from the bearish trap and return to...
ERAA weekly chart show us that there is Head and Shoulder pattern (Reversal Pattern From Bullish To Bearish) and already break the H n S neckline.
Thats mean ERAA will going to the target area HnS at price 380-390 in the long game (Weekly).
Stochastic indicator in weekly already Oversold, so there is a chance price will have a short Rebound to the Neckline...
ERAA . D1 time frame. Inverse head and shoulders pattern.
TP1 442.
TP2 470.
SL 408.
Watchout after it reach TP1, it might have retrace first before it goes to TP2.
After rally from bottom, at the moment ERAA is in accumulation phase. You may follow to buy in area 575-585 or wait until breaks 595. Potential gain >10%. SL level: 560
