ICBP (MONTHLY) ELLIOT WAVE PREDICT : END OF ABC CORRECTION?ICBP most likely will make an impulsive movement (5 wave rally) after the big correction (ABC correction).
The new 5 impulsive movement is on the way and will take ICBP to new All Time High.
There is Falling Wegde Pattern too (Continuation Pattern), and the Stochastic in monthly indicate the price is already in Oversold area and start crossing + Bullish Divergence
But this is Monthly Chart we are talking about so just be Patient because it will takes Months or maybe Years.
But we know the Trend will became Bullish in Long game.
In Short ICBP Have
Trend : Bullish 5 Wave Rally
Pattern : Falling Wedge
Stochastic : Oversold (Already Crossing) + Bullish Divergence
TARGET PRICE 12575 or HIGHER (ALL TIME HIGH)
DISCLAIMER ON
ICBP trade ideas
ICBP: WILL INDOMIE LEAD THE BULLISH OF CONSUMER SECTOR?Hello Stock Market Enthusiast! Here's Long-term outlook for ICBP , Support the Channel by smashing the FOLLOW and LIKES Button, then Share your opinion on the Comment Section below :)
*ICBP created a Descending Broadening Wedge pattern on Daily Timeframe
*ICBP has broken out of the Descending Broadening Wedge which indicates a potential bullish movement ahead
*MACD indicator already crossed 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 stock, only an Outlook from technical perspective.
ABCD Pattern of ICBPDisclaimer on,
This is a personal opinion, I am not responsible for your trading results.
Trade with your own risk.
After experiencing a correction and stalled at the 0.5 Fibonacci ratio area which also coincides with the EMA 21 and EMA 34 areas, ICBP stock are seen to continue their strengthening.
The price target to be targeted is at the level of Rp10,025, with the basis of the ABCD pattern and also the classic resistance level.
IDX: ICBP FOR NEXT WEEK 18 - 22 OCT 21MEDIUM RESISTANCE AT 9575
WEAK SUPPORT AT 9275
I PREFER YELLOW TRADING PLAN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or 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.
ICBPNB: DO MIND that These analyses I posted here are intended as my notes and not as investment recommendations or as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view. LETS CUANN!!!
-29 April 2021 trading analysis ICBP"-29 April 2021 trading analysis ICBP
Disclaimer: This information is for educational purposes and is not an investment recommendation or 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.
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short possition for ICBP because break down from strong support 8850 , confirm break down gan fan line. Dont't try collect this stock for now and we will waiting on strong support 81xx , let's see
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good luck, and happy profit see you for next update #keep learning bakkarianz metode"
Our Love toward Indomie is UnbeatableBased on the ICBP financial result of FY2020 they record good sales amidst the pandemic and supported by 2 acquisition transactions. In the long-shot, as the company has a strong root in Indonesia's consumer goods, the company will have a higher gain with a target price of 12,000-14,000. But in the short position, the stock's strong support is at 8125. If break support, Expected to bounce back to 8275, then 8625, then 8825, then 9025.
BAKKARIANZ ICBPWhy Indofood?
- Nah, its just that i'm in love with their instant noodles so much. I'm Not gonna lie -_-
- As usual, The First and the most important thing of course is "We do the analyze by a statistic not fundamentals (I'm tellin' ya ^_^)".
- Second, EMA 55 = Blue ; EMA 144 = Green ; EMA 377 = Gold (not that shiny though)
- Third . . .
So lets do this.
1. Its rather complicated, but seeing him (the graphics) reminds me of my first Bakkarianz Trading Plan (ADRO). I think.
2. I'm pretty sure that this guy have a typical of EMA 55 (CMIIW)
3. Second Double Death Cross happened at April 2020 since May 2018.
4. Ever since then (Second Double Death Cross), nothing happened and he keeps going down.
5. Trading Plan :
- Potential of going down (see green arrow) and bounce back up to 8950.
- He can even going further down (see white arrow) until he bounce and going up by Strong Support (7975).
- There is also the possibility of him going even further down (see black arrow)
- Nah I'm not sure, but you can also see another potential of him directly going up (see purple arrow) to 8950.
Disclaimer:
This information is for educational purposes and is not an investment recommendation or 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.