FREN trade ideas
FRENIDX:FREN
Going to set up alert above 90 for FREN. That's my initial buy signal.
Currently sitting at Long Term POC VPVR with Anc. VWAP around 105 (Daily chart).
Intraday Stochastic give me positive divergence.
Still STRONG downtrend.
FrenGo to the moon
Because Corporate Action ( Right Issue )
1 Right get 13 Warrent 5 years
One week before the HAMET they Excercise OWK and make it more interesting
Net profit will up next year
because they will pay the liabilities so at the end will decrease interest
when i saw from the financial statement i look that
the opration already profit but they looks loss just because their accounting
revenue around 9T and than depreciation around 4T thats why Fren looks unprofit
From the tecnical using a few method seen goes up from monthly weekly and daily
Monthly
There looks false break pattern from 2 month before
Stocastic over sold & already golden Cross
Weekly already make ABCD pattern, H&S And break the trendline
Goodluck Every One
FREN 8/11 - 12/11Highest Accum : RF YU BQ
Highest Distrib : PD YP MG
Entry : 107
TP : 114-117
SL : 103
HIgh Risk! Lower lot size would be better
Fren#DYOR
Fren has been break from falling wedge pattern and now start to make a retracement at 102. Hopefully the price will test again at 118. If it could break, FREN will continue their bullish trend.But if not, it will be sideways at 107-117.
#Diclaimer ON
$FREN ~ SWING POTENTIALIDX:FREN successfully breakout from Bullish Pennant and forming candle pattern of There White Soldiers.
IDX:FREN close 1 pip below FIBO 0.382 which can served as strong resist, however if we take a look at MACD and STOCH indicator it seems the UPWARDS TREND has just started.
So in this case, there will be 2 possible trade scenarios :
1 ) We can open position slightly below Friday 17 September 2021 Close. ( 125 - 126 will be good ) with around 50% of our equity. In case it will going to continue the upwards trend. so we won't miss the trades.
2 ) If any cases it failed to break FIBO 0.382 ( 129 ) and reverse back. We can try to open position around FIBO 0.236 which served as support line.
NEWS for FREN :
FREN introduces " Open Possibilities " mission to public quoted on CNBC on 15 September 2021 which can be a strong catalyst where we see it triggers the start of the UPWARDS TREND.
"Open Posibbilities" is Smartfren's mission to ensure open opportunities and optimize the use of digitalization to stay creative & active through the best internet products and services. Adding on, SMARTFREN also prepared to support 5G technology and welcome the digitalization era.
As we know 5G is the undisputed issues that have been around for months. Many telco operators have been vying to provide such services to boost their sales on data usage. Mobile phone Brands also follow such issues that can be reflected on the released of their new phones which able to support 5G.
Legends :
GREEN : ENTRY LEVEL
BLUE : TP01
PURPLE : TP02
ORANGE : TP03
RED : STOPLOSS
( For numbers please refer back to chart )
Disclamer ON, all published ideas merely my opinion to certain STOCK. It is advisable to do your own analysis and research before entering a certain trade.
Happy Profitable Trading.
Pola Cup and Handle??Saham Smartfren (FREN) dichart weekly kemungkinan membentuk pola Cup and Handle. Apakah akan terbentuk dalam waktu 1 bulan lagi?
Fren 170 potentialTarget:170...............................................................................................................................................................................................................................................................................................................
FREN Showing the Flag chart pattern formed previously by FREN. It's trying to break resistance at 132. If it succeeds, then the next target will be 173. support at 118. Buy On Weakness.
FREN - Just finished the ABC correction waves..
and start making an impulsive wave in hourly timeframe
FREN is Making a Bull Flag PatternIf upper flags gets broken and price are closed, possible entry is 123.
The possible target might be to 134.
FRENWhen issue i heard fren contract with morattel, i watch this stock . great watch to up trend i think
June 2021 going long FRENRisk 0.5% and volatility 50%. we hope it can growth 1 times minimum at 2 years. at least we hope it can give us 50% growth in 1 years
FREN: Strong Bullish Ichimoku; Bearish Stochastic; Bullish MACDFREN: Strong Bullish Ichimoku; Bearish Stochastic (%K = 46.67); Bullish MACD (MACD Level = 2.96);
FREN CUP AND HANDLEyou can see pattern like this works well in IDX (Indonesia Stock Exhange) so, if we use techincal pattern for targeting the price, it will be around 150.
