$ENRG Rise like legendary Phoenix IDX:ENRG slowly pick up steam after global positive news surrounding oil production cut by OPEC.
MACD indicator show good oversold cross with the price now trade around and will soon above EMA 50. Both show an indication that IDX:ENRG will go up with TP as picture suggest.
ENRG trade ideas
ENRG ROAD MAP- ENRG IS MAKING AN XAY PATTERN AND CONTINUING THE BULLISH TREND
- FIBONACCI EXTERNAL RETRACEMENT FOR TP: 1.618 - 2.618
- BASED ON ENRG HISTORY, FIBONACCI EXTERNAL RETRACEMENT 2.618 IS ALSO RESPECTED AS TP RANGE
- DON'T FORGET TO USE TRAILING STOP 5%
- ENTRY BUY: 128 - 133 ( CLOSEST RESISTANCE TO BE BREAK IS AT 133)
- TARGET PROFIT 1: 150 (FIBONACCI EXTERNAL RETRACEMENT 1.618)
- TARGET PROFIT 2: 165 (FIBONACCI EXTERNAL RETRACEMENT 1.618 - 2.618)
- STOP LOSS: 119
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