SIDO potential forming Cup&Handle and Butterfly PatternSIDO potential forming Cup&Handle and Butterfly Pattern (next post about Butterfly).
Price move in a positive direction after recent small pullback.
SIDO trade ideas
Buy when there's blood in the streets, SIDO Market Outlook!Here we can see the potential movement for SIDO, I created a downside target as well as an upside target that you can look out for.
for the downside I made a target from the formation of a bull flag pattern, and for the upside target I used fibonaci and also elliot waves.
SIDO potential Butterfly Pattern and Cup&Handle (previous post)SIDO potential forming Butterfly pattern after successfully completed Point C and reverse to the upside.
Hopefully SIDO able to complete the pattern which is the next resistence and continue to reach the Cup&Handle pattern target (see previous post on Cup&Handle pattern)
SIDO OversoldSIDO Oversold. Initiate buy.
Selot selot from 640 to 300
SIDO patterns resemble with ACES.
Super Downtrend with potential rebound.
Disclaimer On
SIDO: Breakout of Bearish Channel, Bullish Outlook Ahead?Hello Fellow Stock Traders, Here's a Technical Analysis of SIDO!
Industri Jamu & Farmasi Sido Muncul (SIDO) has demonstrated significant price development by breaking out of its bearish channel. This price action indicates the beginning of a bullish trend in the stock, accompanied by a bullish candlestick pattern and increased trading volume.
Moreover, the bullish outlook is further supported by the appearance of a golden cross on the MACD Indicator. The presence of a golden cross in this context typically suggests a higher probability of upward movement toward the target area.
Considering these technical factors, the current price action, and the indicators, a positive outlook is projected for SIDO. This suggests a potential upward trajectory in the near term.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
Disclaimer:
Please note that this analysis is solely for educational purposes and should not be considered as a recommendation to take a long or short position on $SIDO.
Will Wait at Support AgainLooks bullish for me
Price is moving at white lines
My buying zone 705-685
SL 635 if candle close below
TP max at 875-900
Disclaimer On
DYOR
This analysa just for education only
Trade with your own decision
SIDO Road MapSIDO. D1. Descending broadening wedge pattern.
TP1 785
TP2 860
SL 695
Entry can be done at the last closing price or we can wait until the next swing low after retracement.
SIDO BUY 710There is so much confirmation that signaling SIDO will going up, firstly we can see there is a trendline supported by support line. the indicator stochastic also indicating that the market already oversold
SIDO at SupportSIDO . Weekly TF. Now at support. Will it be up or down? Will the support bounce it back or it can not hold the bear preasure?
In my opinion, it probably will bounce. Scenario A to create the first lower low after it broke down the trendline.
Interesting but Suspicioussido now hits the key level. it's time to wait for confirmation to make a purchase or postpone a purchase.
SIDO Target
800
840
875
1080
1200 - FINAL 1.68 of CD
Reason :
- S1 Weekly & Monthly TF
- Rejected trendline
- Rejected bumbu dapur
- Rejected Fibo 0.3
- Harmonic pattern butterfly
- RSI divergence
IDX:SIDO 30th APRIL 2022IDX:SIDO aka Sido Muncul is a publicly listed herbal medicine and food products company based in Semarang, Indonesia, established in 1940. It produces and markets a variety of consumer products related to herbal medication, such as the jamu Tolak Angin. IDX:SIDO stock is still in a bullish trend, this is a good opportunity to accumulate buying near the support area. maybe the price will bounce in the support area. if there is a breakout I use a loss tolerance of 17% -20%.
IDX:SIDO RESULTSIDO's long position from Q3/2021 to the end of Q1/2022 This year we made a profit of 53%.
In the midst of the pandemic, This company is growing very fast. They recorded extraordinary financial reports.
www.idx.co.id
When the fundamentals align with the technicals it is a very good opportunity.
Technically, it's time to take profit! While sentiment and financial reports are grow well, we can buy it again at the support area.
SIDO - CUP WITH HANDLEBreak out today from a cup and handle setup, I like its price action as it has a VCP characteristic.
IDX: SIDO FOR NEXT WEEK 07-14 FEB 2022weak support at 895
strong resistance at 985
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.
SIDO Reported to have an increase of 21% profit in Q2, this herbal company shows consistently good results. EPS keeps increasing YOY, and currently sits at 33. It is offering a dividend yield of 3.93%, and having PER 23.90x, PBV 7.59x, and ROE of 31.74%. It has relatively low DER of 13.53% with current ratio of 225%, quick ratio of 396.76%, and current ratio of 511.93%. This is a gem.
Technical analysis show the company's stock price has a major uptrend movement since 2018, which consists of consolidation and participation in the last two years. Based on the current rectangle chart pattern formed, it shows the uptrend will continue, and the price tends to move in the range of 695 - 815. If it manages to break the strong resistance at 815, will next target will be 930.
Cheers
Prolly another sideways for $SIDOFundamentally good stock, but now is experiencing sideways trend since the recovery from the correction on March 2020. But, we'll see if it can break the resistance line of IDR 765/share or the fibonacci retracement level of 1.
Will SIDO continue the previous rejection? Or ...😕When viewed as a whole with a daily time frame, the candle of this stock has many wicks. Starting from the dragonfly doji, gravestone doji, long-legged doji, and so on. Many candles you will find here. From now on, this means that a lot of the market uncertainty arises, and you must weigh your risk-return ratio carefully, or you will just be wasting money on commission fees equivalent almost to 1 tick of the share price. Now, the choice is yours. What will happen next, we just have to wait for the confirmation signal, right?
