SMRA price currently pullback from inverse cup and handle neckline potentially completed the cup and handle pattern.
The target pullback happens to close to Point C of Bearish BAT harmonic pattern (just estimates).
Let's see if this wild guess will play out nicely
SMRA pullback from smaller HnS pattern right in the neckline. See previous post for the HnS pattern post.
SMRA has the potential forming bigger cup and handle with higher profit target once it is completed the pullback and price moving back towards the bigger cup and handle neckline.
SMRA . W1. Falling wedge pattern.
SL 540
TP1 720
TP2 800
TP3 985
⚠️ Manage your expectation to set your entry. The SL is 11% from the last closing price (615).
⚠️ See detail in my previous post (SMRA in daily timeframe).
IDX:SMRA
DYOR.
Disclaimer On.
SMRA . D1. Falling wedge pattern.
SL 540. Manage your expectation, because the SL is 11%.
SMRA had broke the resistance. Then the resistance has become support. So it potential to go to unfilled order area (level 670-700).
My personally set the entry at 590, 610, 615 (layering). And if it closed under the support (610) I will exit, even though in theory the SL is...
SMRA will continue the bullish trend after several days can't break the weekly support, and we can see a perfect Ascending Triangle Pattern has occur.
This my IDX:SMRA view, how about you?
still in the channel,
I believe it is on its way to wave 3 @ around 1070
MACD is kind of worrying but it might give an opportunity to buy at the lower price.
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...
Establishing higher high-higher low (uptrend)
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!!!
Fast – Medium Trading (High Risk High Return)
SMRA in strong Bullish Trendline (White) (since April 2020)
Entry at Yellow Area
Entry 1 (820 – 835)
Taking Profit at Blue Line Resistance/ Green Box/ Upper Bullish Trendline
TP 1 860 (First Blue Line Resistance)
TP 2 (Hit Second Blue Line Resistance)
TP 3 985 – 1020 (Green Area)
TP 4 (Hit Upper Bullish...
