I Believe ESSA in the IDX will go pass 730 and fullfill its target as listed in the pictures above in the coming days/weeks/months.
As the great WD. Gann says, Time is more important than price.
HARMONIC PATTERN on MDKA
Dropped from Descending Triangle pattern , now bounce right exact on support , based on my analysis it will bounce from my entry up to support that turned to resistance. Let see
ESSA last candle look nice. Bullish candle.
While happened on the reversal area based on wave 2/B EW principal.
If it reversal and continues the bullish, target will be on 1490 area.
We'll see.
Greeting from Investment Idea.
ESSA Surya Esa Perkasa Tbk PT has a fundamental target price at IDR 1.7k for fiscal year 2022. ESSA for 22Q1 has booked a bottom line 800%++ year on year. Therefor in this chart I will give estimate of ESSA chart movement to 1.7k.
Enjoy, and we will update you on ESSA chart pattern accordingly.
Watchlist
VCP developing at low cheat area, watching at the price action as its RS and vol are fine as old wine. I would like to see one more contraction before it breaks out.
ESSA has resistance at 360 and the next resistance 392. but just bouncing from resistance at 360 and going to 340 first, before continuing the uptrend.
Disclaimer:
This information is for educational purposes and is not an investment recommendation nor to be representative of professional expertise. This analysis used herein is for illustration purposes only....
