Moving Average trend indicators are running into a death cross in 
ADRO, giving a sign for mid-term downtrend to sustain. My swing low targets are placed at level 1705 to 1730, leaving a sharp drop around 26 to 27% downside.
I hope my chart perspective would be wrong, but if.. it happened, you guys had been warned from the start.
ADRO, giving a sign for mid-term downtrend to sustain. My swing low targets are placed at level 1705 to 1730, leaving a sharp drop around 26 to 27% downside.I hope my chart perspective would be wrong, but if.. it happened, you guys had been warned from the start.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.