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AKRA

AKRA: China Covid's Reopening. Oil Stock Bullish Bias Ahead?Hello Fellow Global Stock Traders, Here's a Technical outlook on AKRA! Support the channel by smashing the rocket button and sharing your opinions in the comment below! Price Action Analysis AKRA is moving above its bullish trendline. Recently, AKRA has rebounded on the Fibonacci Ratio Area. Furthermore, The Breakout of the Bullish Flag Pattern also gave us a strong indication of possible bullish bias ahead. The momentum indicator made a golden cross, signifying a possible upside movement to the target area. Fundamental Drive -China's COVID-19 reopening is expected to increase oil demand in 2023 (Good Sentiment For Oil Stock). All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/ Support area. " Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the AKRA"
IDX:AKRALong
by financialfreedomgoals101
IDX: AKRA - May 2021IDX:AKRA At a glance: AKRA is still building up momentum to break out the down trendline formed since late 2017. False Breakout occurred on the 3rd Week of March 2021. False Breakout confirmed by Rule of Three methods where the candle only lasted 2 days above the down trendline. In my perspective, there is a flat range for this stock in the area of 3110-3300-3490 Price needs to break out 3300 as the strongest resistance with good volume. If the price can break out 3300, an Inverted Head and Shoulders pattern is confirmed. The target for the small swing reversal aligned with the Retracement target at 3510-3520. Stop Loss if the price goes lower than 3080. Disclaimer is always on. Trade at your own risks.
IDX:AKRA
by dhimaswppr