High volume breakout, then low volume correction. I see Big player accumulation in price around 6300 - 6350. I expect inverted head and shoulder / triple bottom pattern. I'll cut my position if the price goes below 6000 (closing).
SMGR on the way forming the bearish BAT pattern, happens to be inline with completing ABC wave posted earlier. (see earlier post)
Not harmonic or wave expert. Just sharing my personal ideas.
Hope it works out well.
Time to wait n see to buy $SMGR on Jakarta Composite Index. $SMGR is a State-Owned Enterprises, bluechip, with a good financial report and it possible to BOOM! in 2022. Lets to tracking on the news and flow of big capital by foreign or domestic.
#DYOR
*not financial advice
There is Falling Wedge Pattern in both Daily and Weekly chart on this stock.
And the Weekly Stochastic already in oversold area + Bullish Divergence detected too.
Wait until the price breakout the falling wedge pattern to entry.
For me, i will wait until the price breakout the falling wedge and wait the retest or correction done.
Disclaimer ON
medium support at 7250
weak resistance at 7675
I Prefer green 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...
MEDIUM RESISTANCE AT 10325
WEAK SUPPORT AT 9875
I PREFER GREEN 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...
STRONG RESITANCE AT 8400
MEDIUM SUPPORT AT 7250
I PREFER RED 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...
3T6 MONTH SWING TRADE SMGR!
BUY IF BREAK AND CLOSE ABOVE 8500!
SUPPORT = 7675 and CL IF CLOSE <7675!
SMGR or PT Semen Indonesia Tbk, commonly known as Semen Indonesia Group, is an Indonesian cement company established in 1957 in Gresik, with the name NV Semen Gresik. In 1991, PT Semen Gresik was the first state-owned company to go public on the Indonesia...
Setting multiple TPs.
Setting tighter stop loss at below minor trend channel as price is in higher part of a bigger trend channel on higher timeframe.
Weekly S/R (10,850/11,525)
Medium Resistance at 11400
Strong Support at 10325
market close at 11375. it's also support with golden cross at weekly chart, so it will be good to start at 11450
I prefer green trading plan
have a nice trading.
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This...
This is a Ratio Chart between the Cement Sector Index (consist of SMGR and INTP) and Composite.
The Chart has been in Downtrend since 2013 so that means Cement Stocks are Underperforming Composite. But this trend might be over soon since the Chart (or Ratio Chart) is moving Sideways since 2017. The sideways move might end the Downtrend (that happened since 2013)...
