PTBA Elliott Wave Count Scenario 1I believe we are in the B wave of the latest ABC correction to the upside. I'll post my other slightly different scenario than this one.
Please do share your ideas if you count any different from what I did. Thanks
PTBA
Buy IfHave some planning for this
1. Wait for breakout fib618
2. Averaging 2x, start from fib05 area and the second start from fib382 area
This analysis just made for education purpose only
Trade with your decision
DisclaimerOn
PTBA in Retest ⚠️⚠️⚠️PTBA . Daily TF. Rising wedge pattern. Has broke the trendline support and go to the retest area (support that become resistance). Be carefull. It might do down if it rejected. Or if it enter the wedge area again and breakout the wedge, it is become bullish and cancel the bearish.
PTBATechnical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Like weather forecasting, technical analysis does not result in absolute predictions about the future.
PTBA possible to close the GAPPTBA is currently breaking its strong resistance at around 3030-3120. It can be seen on the chart that the price is breaking its strong resistance with a very strong bullish candle and supported by such a large volume. this has the opportunity to send the price up to the supply area around 3170-3830 where previously was a strong support area which was broken down in May 2019. As a result of the breakdown, we can see on the daily chart leaving the gap area right below the supply area that I marked . This indicates that there are a lot of sellers queuing up to sell in that area and we can use it as a price target.
PTBA inverted Head n ShoulderPTBA show inverter head and shoulder pattern in weekly timeframe
#riskdisclaimer
PTBA possible Cup & Handle??Newcastle Coal is still high and PTBA supposedly will have great net profit for Q4-2021, so I think the possibility of this C&H pattern is very high. Hopefully PTBA can go above Rp 3200 per share.
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target 1 = 25xx
target 2 = 26xx
PTBA IS FORMING SYMMETRICAL TRIANGLE, POTENTIAl BREAKOUT TO 2400PTBA is forming symmetrical triangle after breaking the diagonal bearish trendline. PTBA already move above the dynamic support EMA 21&34, indicating that PTBA has chance to reach the target area 2400 after breaking the symmetrical triangle pattern.
Roadmap will be invalid if the price movement is moving below the support level 2170.
PTBA Potential Buy Position Disclaimer : This content is intended to be used and must be used for information and education purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. Accordingly, the writer will not be liable in respect of any damage, expense or other loss you may suffer arising out of such information or any reliance you may place upon such information.
Potential Area to BuyScenarios for PTBA
1. If preclosing break resistance 2620 with high volume, Buy on Breakout, nearest TP is 2800
2. If the price drops, bid below between 2500-2600
For short term, please watch the S/R on the chart.
For long term, it's safe to take the current price.
PTBA Bullish Jangka Menengah - PanjangPTBA telah berhasil menembus zona supply, setelah adanya konsolidasi antara buyer dan seller akhirnya harga berhasil menembus zona supply. dan harga akan melanjutkan rally nya. tetapi setelah break , seperti biasa harga akan retrace dulu. harga akan menjemput dulu pasukan (antrian buy) dibawahnya (2810 target retrace paling jauh). target berikutnya sepertinya ada di 3470 kalau buyer berhasil break harga akan retrace lagi ke area 3160. ambil nafas dulu sebelum berlari kencang ke tujuan sebenarnya 3882.
COAL MINING SOE ... GOOD FOR NOTHING .... Disclaimers mode on
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PTBA di Akhir Fase Konsolidasi Sebelum Bergerak UptrendMelanjuti ulasan kami sebelumnya: ' PTBA Membentuk Higher Low, Awal Tren Naik?', saham ini masih dalam fase konsolidasi dengan kecenderungan valid untuk memulai fase tren naiknya. Pembentukan higher low beberapa kali sejak ulasan terakhir menunjukkan minat beli yang semakin meningkat. Jika PTBA mampu menguat menembus resisten 2630, terbuka ruang kenaikan menuju 3010 dengan minor target 2770. Jika momentum kenaikan dapat dipertahankan, saham ini berpeluang menuju area gap down lampau di kisaran 3290 - 3380. MACD yang mendatar menunjukkan saham ini berada di akhir fase konsolidasinya.
Rekomendasi: Buy jika break 2630. Stoploss level 2450.
