BAKKARIANZ ICBPWhy Indofood?
- Nah, its just that i'm in love with their instant noodles so much. I'm Not gonna lie -_-
- As usual, The First and the most important thing of course is "We do the analyze by a statistic not fundamentals (I'm tellin' ya ^_^)".
- Second, EMA 55 = Blue ; EMA 144 = Green ; EMA 377 = Gold (not that shiny though)
- Third . . .
So lets do this.
1. Its rather complicated, but seeing him (the graphics) reminds me of my first Bakkarianz Trading Plan (ADRO). I think.
2. I'm pretty sure that this guy have a typical of EMA 55 (CMIIW)
3. Second Double Death Cross happened at April 2020 since May 2018.
4. Ever since then (Second Double Death Cross), nothing happened and he keeps going down.
5. Trading Plan :
- Potential of going down (see green arrow) and bounce back up to 8950.
- He can even going further down (see white arrow) until he bounce and going up by Strong Support (7975).
- There is also the possibility of him going even further down (see black arrow)
- Nah I'm not sure, but you can also see another potential of him directly going up (see purple arrow) to 8950.
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 are solely responsible for any live trades placed in their own personal accounts.
