TikTok, owned by ByteDance Ltd., has entered into a significant agreement to invest $1.5 billion in a joint venture with Indonesia's GoTo Group. As part of this deal, TikTok will acquire 75.01% of GoTo's PT Tokopedia for $840 million. This strategic move involves integrating TikTok Shop's Indonesia business into the expanded entity, marking TikTok's return to the...
It is likely that GOTO will break the weekly candle.
according to fibonacci retracement, it's kinda at the support zone and if the support zone has been broken, it will find another support which is probably between 54-62. in general, a down trend
This is just a personal opinion, it has no purpose to encourage buying and selling, purely a personal opinion
Honestly, one of the companies IDX:GOTO that was waiting for the increase in 2022 and the IPO was postponed in 2021 due to covid and now after the IPO it has dropped 85%. there will be a scenario that I make if it will make a double bottom then there will be an increase after that and return to the 129 area again.
This analysis is using Fan principle & Fibonacci to conclude about the support The trend line has been penetrated 3 times, meaning there is confirmation of new trend from uptrend to downtrend. Using fibonacci we can measure the support is on 104 (0.618 line) Buy: 100-104 Sell: 110-120 Stop loss: 5% from buy price
Looks very promising rn, but keep in mind that correction is likely to happen before the actual reversal
It seems that GOTO's future is not looking too bright at the moment. Despite being in a downtrend channel, there are no bullish signals indicating a potential price increase in the near future. Additionally, the FY2022 income statement shows that GOTO has not booked any profit and has actually incurred a loss of 2.6 billion dollars. This is not a good sign for...
#GOTO previously strengthened after reaching support at 183, but this time it seems unable to stem further decline. And now it has also breakout downtrend channel with a price target of 100. wait until it starts to approach 100 to consider a buy entry
may hit ATH if break 220 before new year, Take 188-202 Tp on the moon My avg 202 (all in)
IDX:GOTO My mistake Buy GOTO 9 September 2022 ends with a cut loss because I didn't see the overall trend. ZOOM OUT AND LOOK ALL AROUND THE TREND! GOTO must hit higher than 334 to be the bullish trend
IDX:GOTO ENTRY: 286 SL: 278 (2.80%) TP1: 302 (5.59%) Target: 344 (20.28%) Risk reward from entry to target (1:7.25)
Wednesday, 10 August 2022 11:57 AM (WIB) TOKOPEDIA Founded in 2009, Tokopedia as a technology company aims to achieve economic equality digitally by connecting sellers with consumers in Indonesia. With more than 270 million people spread over 17,000 islands, creating equal access to various products and services is a challenge in Indonesia. In addition,...
I secured my position today, a pilot buys right from a low cheat level in a power play.