INCO (IDX) : POTENTIAL NEW HIGHER PEAK

Higher trough of the price has been made and has potential to form a new higher peak. Price continue to move above 20 EMA, indicate the trend is still in a strong bullish. Price target is 4320, combination of classic and harmonic resistance (Fibonacci external retracement 1.618). There is a chance for price to close the gap in 3850 area before making an upside movement to 4320.
Trend Analysis

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