ICBP most likely will make an impulsive movement (5 wave rally) after the big correction (ABC correction).
The new 5 impulsive movement is on the way and will take ICBP to new All Time High.
There is Falling Wegde Pattern too (Continuation Pattern), and the Stochastic in monthly indicate the price is already in Oversold area and start crossing + Bullish...
I have position today
The stock breaks out of a textbook cup and handle pattern.
1. The stock is in a confirmed stage 2 uptrend
2. High volume breakout
3. High relative strength
4. Bought perfect at pivot level.
Hello Stock Market Enthusiast! Here's Long-term outlook for ICBP , Support the Channel by smashing the FOLLOW and LIKES Button, then Share your opinion on the Comment Section below :)
*ICBP created a Descending Broadening Wedge pattern on Daily Timeframe
*ICBP has broken out of the Descending Broadening Wedge which indicates a potential bullish movement...
Disclaimer on,
This is a personal opinion, I am not responsible for your trading results.
Trade with your own risk.
After experiencing a correction and stalled at the 0.5 Fibonacci ratio area which also coincides with the EMA 21 and EMA 34 areas, ICBP stock are seen to continue their strengthening.
The price target to be targeted is at the level of Rp10,025, with...
MEDIUM RESISTANCE AT 9575
WEAK SUPPORT AT 9275
I PREFER YELLOW TRADING PLAN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not...
ICBP Has Touching support level of 8050 and soon going to break EMA-89. if this happen do long and and TP at 9400. at this moment wait wait until it makes Higher High and use Fibonacci as confirmator. at this moment ICBP has make falling wedges pattern and will be break soon.
NB: DO MIND that These analyses I posted here are intended as my notes and not as investment recommendations or as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view. LETS CUANN!!!
"-29 April 2021 trading analysis ICBP
Disclaimer: This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and...
Based on the ICBP financial result of FY2020 they record good sales amidst the pandemic and supported by 2 acquisition transactions. In the long-shot, as the company has a strong root in Indonesia's consumer goods, the company will have a higher gain with a target price of 12,000-14,000. But in the short position, the stock's strong support is at 8125. If break...
Why Indofood?
- Nah, its just that i'm in love with their instant noodles so much. I'm Not gonna lie -_-
- As usual, The First and the most important thing of course is "We do the analyze by a statistic not fundamentals (I'm tellin' ya ^_^)".
- Second, EMA 55 = Blue ; EMA 144 = Green ; EMA 377 = Gold (not that shiny though)
- Third . . .
So lets do this.
1. Its...
Based on technical analysis ICBP trend is bullish, we can see that on weekly chart forming cup and handle and probably can inverted head and shoulder pattern. We can also look at the stochastic oversold with divergence so be prepare guys.
Disclaimer ON!
