TLKM: Inverted Head & Shoulders, Trend Reversal Scenario?Hello Fellow Global Stock Trader, Here's a Technical outlook for TLKM!
Price Action Analysis
On the Daily Timeframe, TLKM is moving above EMA200. Then, the stock created a breakout of the inverted head & shoulder, indicating a trend reversal. The MACD Indicator created a hidden bullish divergence, signifying a possible upside movement to the target area.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
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"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the TLKM"
TLKM
#kafein #TLKM - PRICE CHANNEL PATTERN#TLKM is currently moving in the Price Channel pattern, before determining its next direction.
Currently the lower limit is at the price of 3750, while the upper limit is at the price of 3940.
a break of support at 3750, leads to 3570 and vice versa a break of resistance at 3940 will lead to the next resistance at 4040
TLKM: THE RAISE OF TELECOMMUNICATION INDUSTRY?Hello Stock Market Enthusiast! Here's medium-term outlook for TLKM, Support the Channel by smashing the FOLLOW and LIKES Button, then Share your opinion on the Comment Section below :)
*TLKM created a symmetrical triangle on h4 Timeframe
*TLKM has broken out of the symmetrical triangle which indicates a potential bullish movement ahead
*MACD indicator starts crossing up above the zero level area, that signify the stronger bullish momentum may remains in the future.
The roadmap will be invalid after exceeding the support/target level
*DISCLAIMER:
This isn't a recommendation to buy or sell forex pairs,only an Outlook from technical perspective.
Telkom TLKM broke Ascending TriangleTLKM performed ascending triangle which pattern of bullish continuation, and broke out resistance with good volume, target strong resistance at 4350, 4450
at other consideration, TLKM stay overbought at stochastic 5 3 3, perhaps will retest its support ,which was strong resistance before, to continue bullish movement
My Idea | BNBUSDT | December 24th 2021Another idea for the public. This time we look up for BNBUSDT (Binance Coin).
The news around the region about Telkom have a plan to create an exchange with Binance still need to look it up more. Even we know Binance is still labeled as "illegal" to operate in the country because Binance isn't registered as a legitemate corporate or operated exchange.
But from the recent news from CNBC Indonesia, Binance and Telkom create a joint venture company with MDI Ventures (a venture capital owned by Telkom indonesia Tbk. (TLKM)).*
I don't know for sure if it's a good news or something we need to look up. But, for my personal opinion, this is a good news for each company. But we need to observe more about it, because as we know, Tokocrypto, a Digital Exchange from Indonesia (Crypto Exchange), is powered by Binance (Binance Cloud).
As for the analysis of BNBUSDT, I think it will rise again to make a new ATH next year. And even more people to use Binance Apps from the region because to social perspective, more people will curious what is Binance because of this news.
That's for BNBUSDT (Binance Coin) analysis. Hope the best for the market.
**This is not some sort of a signal to buy or sell. Your money your responsibility.
*source: Sorry, I can' post a link to this post, because not enough points. You can search it on Google or go to CNBC Indonesia website.)
TLKMTLKM have sideway trend is already long time did'nt break the resistance, so if resistance will be break the target for tlkm is in area 3720-3820 with support in 3440 and 3340. Lets we see the next!
In the story TLKM is one of telecomunication sector to lead of 5G signal in Indonesia.
Sincerely,
KA
BAKKARIANZ TELKOMmy opinion it will rebound from its position right now (resistance 3220), go down to strong support 2980 or go up to gan fann's border.
Disclaimer:
This information is for educational purposes and is not an investment recommendation nor to be 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
TLKM - BULLISH REVERSAL - DOW THEORY (INDONESIA STOCKS EXCHANGE)TLKM BULLISH REVERSAL
AFTER SEVERAL ROUGH MONTHS OF ITS BEARISHNESS, TLKM START REVERSE TO BULLISH, FROM DOW THEORY WE KNOW THAT MARKET MOVE IN A PRIMARY, SECONDARY AND FOLLOWED BY PRIMARY AGAIN JUST LIKE AB = CD, TLKM ALREADY DO HIS PRIMARY AND SECONDARY BULLISH REACTION, NOW TLKM START TO FORMING HIS PRIMARY REACTION WHICH WILL LEAD TLKM TO AROUND 3700 - 3720
WHY THAT AREA?
THE REASON IS
1. WE CAN SEE A GAP AROUND 3700
2. THE GOLDEN RATIO OF 1.618 FIBONACCI EXTERNAL RETRACEMENT ALSO STOP AT 3720 (XAY).
SO THE FIRST POINT AND SECOND POINT CLUSTER AT THE SAME TIME
CUT LOSS AREA SHOULD BE
3150
REASON : 2ND SWING LOW ALREADY MAKE A HIGHER LOW AND IF BREAK THE FIRST LOWER LOW THEN IT MIGHT GO TO 3060 AND GO UP TO CHASE THE 3700 TARGET
3060 IS THE AREA OF FIBONACCI XAB FOR THE FIRST PRIMARY OF THE BULLISH
DISCLAIMER ON !
TLKM Normal Price versus Current PriceTLKM is one of Composite dominant contributor which the Stock price is still bearish now days. So let's see how the normal price of this stock index by simple view. Normal price actually is EPS x PER (IDR 4020). And this stock index has a normal price higher than current price (IDR 2650). So if you buy this stock now you get a discount. Happy trading!
IDX:TLKM