PT Pakuwon Jati Tbk is an Indonesian real estate developer based in Surabaya and the holding company of the Pakuwon Group. In 2023 the company prepared a budget for land expansion. This year PWON has prepared a capital expenditure (capex) fund. PWON has obtained a fixed price and started installments for land in Batam. PWON will enter new projects such as...
PWON or pakuwon jati potensial make new swing on weekly chart move to 550 to 560 as last resistance. break 560 will aim new resistance in this year about 600-620. For medium term till this desember 560 potensially reach.
PWON long into a new all-time high.
Monthly supply and demand act as a resistance.
Big bet, there is no major S/R flip yet.
GAMBLING WITH NO CONFIRMATION, CLASSIC!
[ur IDX:PWON has breakout the strong resistance and testing the support line at 485. Need to take a look for the next few days on incoming week.
l=https://www.tradingview.com/x/FnYKc7A8/]https://www.tradingview.com/x/FnYKc7A8/
Pwon stocks in the short term form a very regular downtrend Lower Low (LL), Lower High (LH), and so on. then PWON cannot penetrate the lowest LL and create a new HH and break of the flag pattern. So it is hoped that PWON can now make a swing low and become the second HL.
#RiskDisclaimer
The strengthening of property stocks in the last 3 months cannot be separated from the realization of the performance of developers who have emerged from the slump due to the pandemic since 2020. With a number of stimuli, both in terms of fiscal and monetary, pre-sales of property issuers began to rise this year.
KONTAN.CO.ID - JAKARTA. PT Pakuwon Jati Tbk (PWON)...
This post has 2 language versions, English and Indonesian, so everyone and Indonesian people can understand it.
EN: On the weekly timeframe, upside momentum trendline break is happening which is indicate that bullish move is over and in transition into bearish move and creating a DBR Supply Zone located in 570-616 price range, this zone has high probability to...
This post has 2 language versions, English and Indonesian, so everyone and Indonesian people can understand it.
EN: On the monthly timeframe, upside momentum trendline break is happening which is indicate that bullish move is over and in transition into bearish move plus PWON share price fall -34.96% after retesting the DBD Supply Zone located in 610-696 price...
PWON Higher low in weekly chart is around 425 - 445
My personal plan is wait for some retracement and make entry in the weekly low.
However if PWON go above 600 it will be invalidate the analysis and break the sideway trend into bull trend.
Note: Only my personal thought, not a recommendation for buy or sell.
