Indonesianstock
BANK DOING A GREAT MOVEMENT Currently, we can see a nice market structure of BANK after a correction along 7 months.
as we can see, there is a potential reversing pattern "Falling Wedge" and also followed by "Double Bottom".
If its breakout with huge volume it would be a great chance for BANK to continuing of its bullish trend.
Overall BANK is still on Bullish outlook.
Note for All Traders :
It doesn't matter whether correct or not your analysis are.
Doing analysis makes you brave and confident to yourself "HOW " and " WHY" you entry the market.
+200% in one day! The strength of the falling wedge pattern .I closed 90% of my call position with +150% profit . I bought it the same time I posted the idea here .. Check related ideas.
$INDO Looks higher, but it needs to cool for couple of weeks before it start the bullish trend again.
It would be better for you guys to study falling wedge pattern, it's one of the best trading patterns I ever traded .
ANEKA TAMBANG ready for a climbThe asset has now gained great momentum and has violated its bullish pennant resistance over and over weakening R1. this is a great breakout setup in case the resistance labeled as R1 is broken.
As gold charted below, we have a bullish formation with the potential of a breakout on XAU which can trigger all precious metal companies to make a bullish run.
$ADHI will go to support area where at 985-1.000. $ADHI has the potential to decline to the level of 0.236 where it will be at 985 as the support area. If it stays in the support area and bounces, then $ADHI has the chance to rebound to the 0.382 level, which is at 1.185.
Based on the moving average indicator with a period of 5 days, today's candle is already below the EMA5 (Exponential Moving Average within 5 days). This makes EMA5 a resistance area. In addition, the stochastic indicator 14.3.3 also indicates that there is still a decline to the over bought area. Based on the 2 indicators above, $ADHI has the opportunity to continue the downtrend.
IHSG / IDX Correction prediction !So after breaking new ATH recently, IDX currently has formed Rising wedge which means it gonna dip for a while.
The nearest support is 6500 area, if it bounce from here we can be sure that IDX will reach new ATH on January 2022
during Window Dressing, Santa Claus rally, and January Effect.
But it can broke down to 6375 level or even 6150 level.
As long as 50 EMA still above 200 EMA we will gonna be bullish for a moment.
Stay safe, Invest wisely! be cautious.
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Stay strong Indonesian Brother!
ISSP , Is this the end of its bullish cycle?The recent All Time High (ATH) just hit the 1.618, and then followed by bearish engulfing. Additionally, there is a potential ending diagonal pattern. TP 2 & TP3 are for overextended scenarios which is low probability if we're considering the current market condition. If ISSP can break out from 394, we can expect potential upside target around 436 - 526. ISSP technical chart represents neutral with caution market condition.
DISCLAIMER ON
This analysis is not financial advice. Please note that you are responsible for your own investments. This chart only represents my opinion and view about the stock market in general and may be used only for educational purposes.
UNVR, ARE WE OUT OF THE WOODS?While IHSG (Indonesian stock exchange) has been on a major bull run since March 2020, and yet we witnessed a huge weakness on UNVR that seems like a never-ending downtrend. But in September 2021, UNVR has shown some strength in the market. Are we out of the woods yet? We certainly don't know, but we can speculate based on the recent impulsive move to the upside. As long as we do not break 3800. UNVR has a potential of around 41 - 75% for mid-term stock holding.
DISCLAIMER ON
This analysis is not financial advice. Please note that you are responsible for your own investments. This chart only represents my opinion and view about the stock market in general and may be used only for educational purposes.