CPIN: Poultry and Consumer Defensive Stocks Possible Bull Run?Hello Fellow Stock Global Trader/Investor! Here's Technical Outlook on CPIN
Chart Perspective
CPIN is moving in the bullish continuation. The breakout of the bearish trendline and bullish flag indicated a potential bullish bias ahead. Furthermore, the momentum indicator made a golden cross, indicating a possible upside movement to the target area.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the CPIN"
CPIN
IDX : CPIN Still in BIG SIDEWAYS 6000-6750CPIN Daily Chart Movement
CPIN is in rally after break the base resisten and multiple rejection, but there is a minor correction to support area 6050-6150 (Support / Multiple Rejection) or what we called it RE-TEST Support
After that the price will move to the next Resistance or Take Profit Area (6700 area)
Trend still on the Big sideways
Stochastic Momentum Overbought and thats mean there is a chance that the Rally will hold for a short time
Buy Area 6050-6150
Stop Loss Area 5950
Take Profit Area 6700
Disclaimer ON
CPIN: BREAKING THE FALLING WEDGE, WILL IT BE POULTRY RECOVERY?CPIN is breaking the falling wedge pattern. The momentum indicator is pointing up in the overbought area, indicating that CPIN has the potential to move upward to reach the target area.
The Roadmap will be invalid after exceeding the support/target area.
CPIN Berkonsolidasi Sehat, Pantau Level BreakoutnyaCPIN berkonsolidasi persis di area hijau yang pada ulasan sebelumnya diperkirakan menjadi area konsolidasi setelah rally. Konsolidasi selama masih berada di atas level 6350 merupakan konsolidasi sehat. Jika CPIN mampu menguat menembus resisten channel di 7400, terbuka ruang kenaikan bagi CPIN kembali menuju 8825 dengan minor target 8250. MACD yang melandai menunjukkan saham ini berada di akhir fase konsolidasinya.
Rekomendasi: Buy jika break 7400. Stoploss level 6525 (High entry risk, peningkatan support / penuruann resist sangat diharapkan; pantau watchlist Anda)