DRMA PE 9x Avg PE 13x Target 900Most likely will break the triangle at 645 If break it will go up to 735 as the resistance and will continue wave 3 of elliot wave to 850
SL below 570 (short to medium term trade)
seperate the capital for long term investor you can avg down with doubled capital than first entry if the price break down 570
Sturcture market overall is uptrend
Ihsg
ADRO in Squeeze ModeAfter long rally, at the moment ADRO's movement is in ranging area. Potentially, it will continue its rally as long as it can break out 2370 with significant volume. Otherwise, price will drop down to 1960.
Note that big market movers are still in accumulation mode since Jan 12th 2022.
IHSG bull trend is almost end!I try to analize using Elliot Wave perspective, and it seems like the bull trend is almost over..
YES, it could be reach to the psychological level of 7000 or maybe more 7200-7300, but for now the risk is greater than the reward..
The correction to 5000 ish level or lower can happen anytime..
We are in the end of wave 5 of 5..
And if we take a look into the fundamental event, it almost match perfectly, The Fed is going to increase the rate soon...
So.. Please tighten your seat belt