Will ADRO rebound from its support areaADRO is at its support area will its rebound and hits its next resistance?
ADRO trade ideas
ADRO - Trading ModeHere is my analysis for Adaro Energy . Technically, ADRO is still in an uptrend indicated by a higher high has been formed.
I'm looking for a lower high which is quite interesting because there is a high traffic area indicated by a multiple demand area (green zone).
Kindly do your own research and use money management while entry this position.
#disclaimer
ADRO - Made 2nd Reaction, Waiting Reversal CandleADRO made 2nd reaction towards FIBO retracement 38,1% and Classic Support
Buy on Weakness (Note : Waiting Confirmation for reversal), range 1400 - 1430
TP 1 - 1600 (classic resistence)
TP 2 - 1720 (FIBO retracement 161,8%, FIBO Extension 61,8%, classic resist 12/2019)
Stop Loss 5% - 7,5%
ADRO BIG RISING WEDGE - ID & EN INDONESIA'S STOCKSEN : WE CAN SEE THAT ADRO IS MAKING A BULLISH CONTINUATION AND NOW IS THE SECONDARY REACTION, BUT IF WE CONNECT BOTH UP AND DOWN TRENDLINE WE CAN SEE ADRO IS FORMING A PATTERN CALLED RISING WEDGE WHICH IS THIS PATTERN CAN MAKE THE PRICE TO A BEARISH MOVEMENT (EITHER SHORT TERM BEARISH OR A LONG TERM BEARISH) ADRO PROBABLY WILL DOWN TO @1000 THIS IS THE FIBONACCI EXTERNAL RETRACEMENT OF 1.618 WITH SUPPORT CLUSTER AFTER HIT @1000 ADRO GOT A VERY BIG CHANCE TO PULLBACK (SECONDARY REACTION FROM BEAR MOVEMENT) AND CONTINUE THE PATTERN. THE SECOND TARGET PRICE FOR ADRO IS @865 THIS IS THE AREA END OF THE RISING WEDGE PATTERN ALSO CLUSTER WITH THE CLASSIC SUPPORT & FIBONNACI 2.618 RATIO.
IMPORTANT NOTE ::::
-IF ADRO NOT YET BREAK THE RISINGWEDGE PATTERN ADRO GOT A CHANCE TO PULLBACK AROUND @1255 (AND ABOVE NOTE IS FOR AFTER THE RISINGWEDGE BREAKOUT.
-AFTER BREAK OUT AND HIT THE FIRST TARGET (@1000) ADRO ALSO CAN REBOUND TO HIS BULLISH PATTERN AGAIN! OR WE CAN SAY THAT THE SECOND TARGET (@865) IS CANCELED
ID : KITA BISA MELIHAT ADRO SEDANG MEMBUAT KELANJUTAN BULLISH DAN SEKARANG SEDANG MENJALANI 2NDARY REACTION, TETAPI JIKA KITA MENGHUBUNGKAN TRENDLINE ATAS DAN BAWAH KITA BISA MELIHAT ADRO SEDANG MEMBUAT SEBUAH PATTERN RISING WEDGE YANG AKAN MEMBUAT HARGA KE BEARISH (ANTARA BEARISH JANGKA PENDEK ATAUPUN JANGKA PANJANG) ADRO AKAN TURUN KE @1000 INI ADALAH AREA FIBONACCI 1.618 YANG BERSINGGUNGAN DENGAN AREA CLASSIC SUPPORT DAN SETELAH MENYENTUH AREA @1000 ADRO PUNYA KESEMPATAN BESAR UNTUK PULLBACK (SECONDARY REACTION DARI BEARISH) DAN MELANJUTKAN PATTERN TERSEBUT. TARGET KE DUA DARI ADRO ADALAH @865 INI ADALAH AREA AKHIR DARI RISING WEDGE TERSEBUT DAN JUGA BERSINGGUNGAN DENGAN AREA CLASSIC SUPPORT DAN JUGA RASIO FIBONACCI 2.618
NOTE PENTING !! ::::
-JIKA ADRO BELUM MENEMBUS RISING WEDGENYA SENDIRI, ADRO JUGA BISA KE AREA @1255(PERNYATAAN ATAS ITU ADALAH SETELAH RISINGWEDGE SUDAH DITEMBUS)
-SETELAH BREAKOUT AND MENCAPAI TARGET PRICE PERTAMA(@1000) ADRO JUGA BISA MEMENTALKAN HARGA BALIK DAN MELANJUTKAN BULLISHNYA LAGI! ATAU BISA DISEBUT TARGET PRICE KE 2 (@865) BATAL
DISCLAIMER
DISCLAIMER
No information published constitutes or offer, or recommendation, or advice, to buy or sell any investment instrument, to effect any transcation, or to conclude any legal act of any kind whatsover.
The information published and opinions expressed are provided by myself (Rupin Goh) for personal use and for educational purposes only and area subject to change without notice. Rupin Goh makes no representations (either expressed or implied) that the information and opinion expressed guarantees accuracy,adequantess or completeness. In particular, nothing contained consitutes financial legal, tax or other advice. nor should any investment or any other decision be made solely based on the content.
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Notes: all orders are valid until the next report is published, or a trading strategy alert is sent between reports.
ADROADRO mengalami downtrend minor, bila mampu menguji resist di 1145 akan mencoba kembali ke 1180.
disclamer on
ADRO Ascending TriangleADRO
Pattern Ascending Triangle
Risk:Reward if break = 1:5
Volume: Volume baik saat harga naik dan sebaliknya
sempat mencoba break kemarin namun gagal. masih tersisa beberapa waktu sebelum sinyal melemah.
area resistance sangat berat dibawah ada ma 200 dan tertahan juga oleh fibo golden ratio 0.618
apabila sudah melewati waktu break ideal, perlu diperhatikan.
Bahaya jika market masih belum jelas dan tetap pasang stop loss di 1070
Early entry 30%, BOB full load, AD apabila tertahan di support
target 1700
ADRO lanjutanADRO telah berhasil menembus 1240, bila esok lanjut, maka akan menuju ke 1350.
semoga
disclamer on
ADROMemanfaatkan momentum penguatan Newcastle coal
Mengalami koreksi sehat setelah cum date
Ada Gap di 1135-1155 dan 1285-1310
Buy on weakness di 1040-1100
TP 1135-1155-1195
SL<1040
Disclaimer ON
ADRO to end Downtrend by Breaking out Rp2,000ADRO has a change to reverse Downtrend to Uptrend by Breaking out Rp2,000 that might happen soon (this Jul'18).
When ADRO broke out Rp2,000, ADRO has a change to begin Uptrend to Rp2,300.
Still need be carefull not to jump on the possible false Breakout since ADRO is in Downtrend.
Watchout any Breakdown below Rp1,750.
