ADRO broke important resistance level
ADRO just broke a Resistance level @4.3, coincidentally, we also broke the SMA(200).
If ADRO can maintain its price above the SMA(200), consider the downtrend broken.
Technicals:
*Be careful and ALWAYS use stop-limits as well as price-targets
Happy trading!
If ADRO can maintain its price above the SMA(200), consider the downtrend broken.
Technicals:
- High RSI 69, OBV confirming.
- MACD>MACs
- CCI reaching 100, on uptrend.
*Be careful and ALWAYS use stop-limits as well as price-targets
Happy trading!
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.