MMLP Trade Plan Confirm breakout with high volume
Now at wave 3 of elliot wave aiming at 1.168 fibonacci 640
scenario 1 buy when inside bar happen and cutloss below the mother bar
Scenario 2 ( buy on retrace ) wait retrace to 610-620
adjust your cut loss below 595
Risk: Missed opportunity
Long term target 735
14IDR
107.228BIDR
362.523BIDR
2.492B
About MEGA MANUNGGAL PROPERTY TBK PT
Sector
Industry
CEO
Hungkang Sutedja
Website
Headquarters
Jakarta Timur
Employees (FY)
120
Founded
2010
ISIN
ID1000134307
PT Mega Manunggal Property Tbk engages in the provision of logistics facilities, warehouse, and office space leasing. Its portfolio includes Intirub Business Park, Li and Fung Logistics, Selayar, and Unilever Mega Distribution Center. The company was founded on August 23, 2010 and is headquartered in Jakarta Timur, Indonesia.
MMLP Bullish Flag.Some might think this is a descending triangle but looking at the volume created during the consolidation, I would say this is a Bullish Flag. Critical support to maintain is 600, with 700, 780, 900 as the resistances. In my opinion, it is very possible for MMLP to reach 1450(+128% from the current
MMLPNB: 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
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