IDX
IDX: AALI - may-2021IDX:AALI
Astra Family in the CPO Industry
Yesterday's (04-May-2021) confirmed the reversal for the shorter downtrend line, when the candle breakout the trend line, we can use the Fibonacci Retracement to predict the target of the price by following its retracement.
I predict that the reversal of this stock is quite strong to reach the 0.500 retracements at 10450 because the commodity itself is supporting the reversal.
The price then will retrace to 0.382 retracements at 10125 before continuing the minor uptrend momentum and will aim to reach the 10775 as the final target from the smaller retracement.
ADES #notsuggestionADES sedang dalam tren Bullish di daily timeframe
#IDX
not suggestion
Disclamer
The strategy is for educational purpose only. All the
information is based on my personal experience and it does
not ensure your future profits. Trade decisions should be
done at your own risks. Any websites / tools / brokers /
applications mentioned here are only for informational
purpose.
IDX COMPOSITE : A retrace before another rally seasonCurrently IHSG is facing a correction phase after a massive rally since the novel COVID-19 market shocks. Based on fibonacci retracement, the B wave target correction is around 5917 - 6029. After the B wave correction, we might be facing another sideways market with ABCDE corrective pattern. If IHSG breaks the minor trend line (red dashed line), we can start preparing for the 5th wave of this market cycle with target area around 6980 - 7023. Please note the 5th impulsive wave assumption might be invalid if the current corrective phase breakthrough the 1st wave area.
Hope you are all healthy,
RK
DISCLAIMER ON
These analyses are not an investment recommendation or a financial advice. Please note that you are responsible for your own investments when trading on the stock exchange. This chart only represent my opinion and view about IDX market in general and maybe used only for educational purposes.