IDX:BMRI is developing a huge Falling Wedges (Weekly Chart). The Uptrend Line has been tested a few times and finally broke down on early May. The target from the Falling Wedges pattern is around 3700-3800, is it too far? We might think so. Here it is some of the interesting point to watch: 1) Current support area between 6150 - 6225 2) EMA233 Support...
Is it time for a reversal for NYSE:F ? Since early 2022, Ford's Price Performance has not been pretty good for their investor. In the recent stages, the price has formed a consistent Downtrend Channel since July 2022. Potential Bullish Divergence from its weekly chart MACD Oscillator might hint us at a reversal but surely need trend reversal...
Most of the big cap in NASDAQ is forming a consolidation at the current top area, including the $NASDAQ:META. Is Wyckoff Distribution theory in progress? Preliminary Supply occurred on June 2023 with a high volume + a big red candle. The price continued to be uptrend, and the possibility of buying climaxed at the end of July. During that time, Bearish...
Cup and Handle in Motion for NYSE:SHOP Watch out for the neckline at $71.43. If a breakout is, then a CnH target is at around $119. in the smaller picture, we can see a recent breakout from a minor downtrend channel with a target of $84.31 (closing the daily gap that occurred in February 2022). The best entry position is at $62.41 to close the small...
NASDAQ:AAL Time for Departure? Can you spot an interesting spot in the chart? Weekly Chart: After breaking down the uptrend channel, AAL makes a reversal in the last 3 candles. The last candle is crossing up EMA8 (as an early trend indication), combined with Breaking Out minor downtrend, we can consider a hint that a reversal might happen. But keep in...
INTC is inside the Waiting Room for Bullish Action Current Idea: Neutral Important Price Point: Current Stop Loss: $ 29.29 Lowest Support: $ 24.87 Resistance: $ 33.84 1st Price Target: $ 36.60 2nd Price Target: $ 46.54 3rd Price Target: $ 53.13 OVERALL VIEW: Scenarios: The Price Gap of $30.93 - $31.10 has been a fortress lasting 7 months. A breakout occurs...
Original idea was posted on 25 Dec 2022, the post hidden by the administrator because it was using Indonesian Language, Based in Fibonacci Retracement, current price area is the last support for the downtrend. This area has been tested on June 2022 where PYPL successfully reverse back in its minor trend. From the chart, seems that current support area is the...
NYSE:TDOC has been down 90% from its high in February 2021. Current Candles are forming a falling wedge pattern: and at the same time, it has two weekly candles that confirming a breakout from the secondary downtrend and first candle that breakout the pattern which may indicate a potential reversal movement. Bullish divergence has been shown by the...
NYSE:PFE NYSE:ABBV will be on my watchlist next week. Let's start with Pfizer first. Pfizer has been down since mid of December 2022. And now it is on interesting area (see on the chart) In my view, area of $ 42.74 to $ 43.52 will be critical. Next week Pivot Point will be at $ 44.24, if the price can stand above its weekly Pivot Point then a potential...
NYSE:MDT has not been making any lower low (closing price) in the weekly chart since W4 November 2022. Last 4h candle is breaking out the downtrend line (peak line on 21- Apr-2022) If the price can breakout $ 81.24 - 81.64 barrier, first target will be the flat target at $87.44 In the bigger picture, price around $95 will be the target for the upside...
NYSE:VZ is bouncing back from the double top target. it has a target of $ 35.70 and it has been touched on October 2022. The weekly chart stochastic has been successfully break out from value 50 for a consecutive week. In 4H Chart, the formation of the candle is forming a Ascending Triangle with Upper Breakout which indicate a Short Term Bullish Reversal...
Weekly candle for NYSE:EPD is moving back-forth around its EMA200. This week, EPD has been up for 3++% and crossed up EMA200. In my view, there is Descending Triangles appear: Stochastic Weekly is near 50 and the formation of candles has been squeezing since June 2022. But, if moving a little bit backward to March 2021, a raising wedges pattern also...
NYSE:SHOP has been down 87% from its highest peak at $ 176.29 per share to $ 22.63 in a year (lowest price at $ 22.63 was hit on W1 Oct 2022. In Weekly chart, Shopify seems going to form an Inverted Head and Shoulders with estimated neckline at $ 44.50. Even though it is still uncertain whether it will form that pattern or not. But, if we take a look at...
NYSE:LHX is currently at the support area, is it time to bounce or breakdown continue? The support area is at $ 200.71 - 202.97 4H Stochastic %K is above %D and it is above the value of 50 as well. MACD and Squeeze Momentum are in Bullish Divergence. Yesterday is close above its Weekly Pivot, so what's next? Current price is below Monthly Pivot,...
Year-to Date performance from NASDAQ:META already been down 65%. If we take a look from the Weekly Chart, major downtrend has been occured since end of October 2022 and started to give some reversal signal until today. Weekly Candle position is in the resistant area from the major downtrend formed since early 2022. In the smaller timeframe (4H), META's...
DHR - Daily Waiting for Breakout Minor Down Trend Demand Area at $261.43 to $ 259.98 Stop Loss at $259.980 RSI is heading out lower bearish zone. MACD histogram is improving in the last 2 days.
IDX:DOID DOID has been one of the favorite second-liner stocks in the IDX. In the past, the 260-264 (yellow circle) area has been the target for this stock. DOID reached the highest price of 466 on 08 December 2020. Since then, 328-332 is the important Support-Resist area (high area) for DOID. DOID formed a Double Bottom pattern between 29 January to 09...
IDX:PGAS Reversal after Reaching Double Top Target at 1150. The Price of PGAS has been raised by 110% since Lowest Point in October 2020 to the top of "Adam" at 1895, four days before Christmas Eve 2020. Since reaching the highest in 1895, the daily candle of PGAS forming a Double Top pattern (Adam & Eve Double Top) with the highest price for the "Eve" top...