I found it pretty interesting, here are the points:
1. support line really holding the price up until now, it bounces back price every time price came near of it.
2. my wave count tells me that the correction from 3600 high is near the ending.
3. 0.786 fibo level act as support too, that pulled and pushed the price like a magnet, i believe there was range of...
Founded in 1989, MNC Group has grown to become the leading investment group in Indonesia. Under the leadership of Founder and Executive Chairman, Hary Tanoesoedibjo, MNC Group has 4 strategic investments: media, financial services, entertainment hospitality and ecommerce & other digital. Media Nusantara Citra or MNC, being part of the media business within MNC...
The current price is in the resistance area, however, it is already out of the squeezed area, I need to watch MNCN this week.
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...
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!!!
(Long) Swing Trading / Investing
MNCN still in Downtrend Phase in Blue Area
Entry at Yellow Area / Wait for Reversal
Entry 1 (1000 – 1020)
Entry 2 (875 – 900)
Entry 3 (765 – 780)
Taking Profit at Green Area
TP 1 (1110 – 1150)
TP 2 (1215 – 1270)
Other
- Stoch RSI: Golden Cross
- Scalping and TP when hits Golden Ration (0.618) Fibonacci Retracement...
-21 feb 2021
trading analysis MNCN
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 individuals...
Potential short term reversal on MNCN with RSI bullish divergence and double bottom. The price relatively at the same price level from previous swing low while oscillator (RSI) making higher low, so this can be a medium bullish divergence reversal until it confirm. Stop area and potential sell area shown in the chart. The target price only valid if the bullish...
SO SLOW
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!!!
Bisa masuk bertahap, karena ada peluang koreksi dulu ke area 920 ( Unfilled Order), selanjutnya berpeluang besar rally sampai area 1400, semoga bermanfaat..
MNCN salah satu emiten yang laggard dibandingkan dengan peernya SCMA.
Disini saya gambarkan garis-garis signifikan level yang likely akan ditest oleh MNCN ini.
Scenario Wyckoff Accumulation Pattern ini akan valid apabila setelah dari harga 845 saat ini akan naik lagi ke 900.
![MNCN: [IDX] MNCN - stock you want to watch closely in the coming weeks](https://s3.tradingview.com/1/1GVRQ733_mid.png "[IDX] MNCN - stock you want to watch closely in the coming weeks")
