UNVR forms a wyckoff diagonal accumulation scheme ??UNVR is a consumer goods stock listed on the Indonesia Stock Exchange. UNVR forms a wyckoff diagonal accumulation scheme ?? currently the diagonal scheme is still unstable and may form horizontal. while waiting for that certainty, the price will try to touch the level of Rp. 5,000 before falling again.
UNVR
IDX:UNVR 2nd APRIL 2022PT. Unilever Indonesia Tbk (UNVR) is engaged in the manufacturing, marketing and distribution of consumer goods including soaps, detergents, margarine, dairy based foods, ice cream, cosmetic products, tea based beverages and fruit juice.
Even though IDX:UNVR is still in a downtrend, this April IDX:UNVR looks like there is a bullish potential. There are 3 things that are bullish reasons:
1. The price is in the support area
2. Crossover stochastic 5 3 3
3. Daily Resistance Breakout
If we look at the history when these three things are valid, the price will be bullish to the resistance level.
Chemicals leader $UNVR with the follow throughLast week, Univar Solutions NYSE:UNVR made a breakout off a symmetrical triangle. And today, with a gain of +4%, is the follow through day.
IBD Investors gives a #2 Industry Rank and relative strength rating of 89. Also, as its earnings, EPS and profit margins show 2 consecutive double-digit increase, NYSE:UNVR is posed to make a good run.
But, with the market still under pressure, I took a 1/5 position. I intend to add more as the market gives me signals.
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.
BAKKARIANZ UNVRmy opinion there is 2 scenario it will continue go down to strong support 6875and potential rebound, or market agree to break its strong support until next support 6500.
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
Long Opportunity for UNVRWe can look for BUY after a consolidation around the breakout.
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UNVR Bearish possibilityThe price can go further down if we take a look at the chart.
The price has break below the red box twice, first with the false breakout and now finally break it possibly go to the next support area / buy area #1 at 6500.
The First scenario is when the price come to buy area #1, strategy is we will wait for the price to consolidate in the buy area and wait for trend reversal.
The second is when the price going down much further breaking the support (buy area 1#) then we will wait until the price comes to buy area #2. Same strategy. (buy area 2# is based on monthly chart.)
This idea is for a long run.
Disclaimer : trade at your own risk, i am not responsible if you willingly to trade with this idea.