SMGR LongHigh volume breakout, then low volume correction. I see Big player accumulation in price around 6300 - 6350. I expect inverted head and shoulder / triple bottom pattern. I'll cut my position if the price goes below 6000 (closing).
SMGR trade ideas
SMGR potential completing cup and handleSMGR has the potential to complete inverse cup and handle with good profit potential
Bearish Gartley in the making on daily and weekly timeframeSMGR developing what looks like Bearish Gartley pattern valid on both Daily and Weekly timeframe.
SMGR completed wave and in progress of ABC waveSMGR look to complete the ABC wave.
I'm not export in wave, just share my personal ideas only.
Hope it works out.
SMGR bearish BAT pattern. inline with ABC wave posted earlierSMGR on the way forming the bearish BAT pattern, happens to be inline with completing ABC wave posted earlier. (see earlier post)
Not harmonic or wave expert. Just sharing my personal ideas.
Hope it works out well.
IDX: SMGR Reverse Head n ShoulderTime to wait n see to buy $SMGR on Jakarta Composite Index. $SMGR is a State-Owned Enterprises, bluechip, with a good financial report and it possible to BOOM! in 2022. Lets to tracking on the news and flow of big capital by foreign or domestic.
#DYOR
*not financial advice
SMGR WEEKLY FALLING WEDGE PATTERNThere is Falling Wedge Pattern in both Daily and Weekly chart on this stock.
And the Weekly Stochastic already in oversold area + Bullish Divergence detected too.
Wait until the price breakout the falling wedge pattern to entry.
For me, i will wait until the price breakout the falling wedge and wait the retest or correction done.
Disclaimer ON
IDX: SMGR FOR NEXT WEEK 20-25 FEB 2022medium support at 7250
weak resistance at 7675
I Prefer green 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.
IDX: SMGR FOR NEXT WEEK 8-12 NOV 2021MEDIUM RESISTANCE AT 10325
WEAK SUPPORT AT 9875
I PREFER GREEN 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.
SMGR SMGR test Analysis for trial new player
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SMGR Break Trendline, Upside 40% ?TP 1 : > 10.000
TP 2 : > 12.000
TP 2 : > 14.000
SL : < 7600
Risk In Your Hand
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IDX: SMGR FOR NEXT WEEK STRONG RESITANCE AT 8400
MEDIUM SUPPORT AT 7250
I PREFER RED 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.
SMGR TO THE MOON! UPSIDE UPTO 50%! DOUBE BOTTOM POTENTIAL ALERT!3T6 MONTH SWING TRADE SMGR!
BUY IF BREAK AND CLOSE ABOVE 8500!
SUPPORT = 7675 and CL IF CLOSE <7675!
SMGR or PT Semen Indonesia Tbk, commonly known as Semen Indonesia Group, is an Indonesian cement company established in 1957 in Gresik, with the name NV Semen Gresik. In 1991, PT Semen Gresik was the first state-owned company to go public on the Indonesia Stock Exchange.
As a governent company, I think investor and swing trader should consider SMGR. Because, the risk and rewards are so good enough. If you see the volume distribution that happened on last year 2020 (I already circled the volume bar), I think this year is same.
And now, maybe there are many people ask me about their cost operation. The way of coal upside maybe increase their cost because the cost of cement 35% is made by coal. But, you should consider that SMGR have their own coal mining, which is, SMGR already prepare for the worst of expensive coal. And also, SMGR not only use coal for their production. They also use new renewable energy called BIOMASSA.
So, what do you afraid of? The risk is very minimum maybe 3-5% to the bottom, but the upside for the government company is very good upto 50%! REMEMBER THAT THIS IS GOVERNMENT COMPANY!!! THE GOVERNMENT WONT STAY QUIET FOR THIS COMPANY! THE BIGGEST CEMENT FACTORY IN INDONESIA!
GBU AND HAPPY WEEKEND!
SMGR Long on PullbackSetting multiple TPs.
Setting tighter stop loss at below minor trend channel as price is in higher part of a bigger trend channel on higher timeframe.
Weekly S/R (10,850/11,525)
IDX: SMGR GOOD INVESMENT FOR CLOSE THIS WEEKMedium Resistance at 11400
Strong Support at 10325
market close at 11375. it's also support with golden cross at weekly chart, so it will be good to start at 11450
I prefer green trading plan
have a nice trading.
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.
Potential Increase In Infrastructure and Housing. Monitor CementThis is a Ratio Chart between the Cement Sector Index (consist of SMGR and INTP) and Composite.
The Chart has been in Downtrend since 2013 so that means Cement Stocks are Underperforming Composite. But this trend might be over soon since the Chart (or Ratio Chart) is moving Sideways since 2017. The sideways move might end the Downtrend (that happened since 2013) so there is a possibility that Cement Stocks will Outperform Composite - if the Ratio Chart starts to move Upward.
I'm monitoring the Cement Sector because there is a possibility that the Housing Sector (and Infrastructure Sector) will increase in 2021. That will increase the demand for cement.
SMGR mencoba bertahan di garis trend linenya SMGR apabila bertahan di Moving average trend dapat diambil untuk mengikuti uptrend yg terbentuk di bulan juni dan juli.
