WIKA trade ideas
WIKA Rise Up To Rp1,700 Within Bullish ReversalBy Breaking Out Rp1,700, WIKA will validate Bullish Reversal pattern and open an Uptrend to Rp2,200.
Bullish Reversal pattern will fail when WIKA couldn't Breakout Rp1,700 or Breakdown Rp1,200.
WIKA berhasil tembus resistenPada penutupan bursa hari ini WIKA telah berhasil menembus resistennya di 1975, dan berpeluang untuk mencapai resisten berikutnya di 2185
PT.Wijaya Karya (PERSERO),Tbk - Short The Bounce,Long The TrendHello Guys,
i'm back again,i'll describe you guys about the $WIKA indonesian stock movement in further days. as you can see in above chart, i make a possibility movement using moving average expotentional (EMA) indicators setup. in recent days,a lot of red candles there & if you see that red & purple EMA was crossing too which basically tell us if there will much possibility more bearish movement in the further days. but today candle marked with 2,36% gain was a good sign for a little bounce (bounced at 100-EMA support) toward previous resistance,so i'm gonna short it!.
if we can hold & marching from 0.236 resistance,then there is a big chance we can test the rally again to Rp. 1971 area. but if that bounce that i'm shorting is just a 'dead cat bounce' (bigger possibility in my assumption), then we gonna fall again to the next support that i draw on the chart in 0.618 fibonacci retracement golden ratio line which is refer to below around 30 Rsi area too.
even the EMA 200 below & was crossing the 100-EMA (a trend reversal),i don't expect we can continue the rally because the Rsi was too fckin oversold & drown below 40 level.
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