IDX : ERAA BREAKING THE HEAD N SHOULDER PATTERN !!ERAA weekly chart show us that there is Head and Shoulder pattern (Reversal Pattern From Bullish To Bearish) and already break the H n S neckline.
Thats mean ERAA will going to the target area HnS at price 380-390 in the long game (Weekly).
Stochastic indicator in weekly already Oversold, so there is a chance price will have a short Rebound to the Neckline Area.
Disclaimer ON.
IDX
IDX $AGII Rising Wedge Potential Breakdown$AGII of IDX
Technical:
Rising Wedge breakdown followed a textbook ABC pattern
Breakdown will result in freefall to a strong first support at 1400 area, followed by a failed attempt to push past the bottom channel of the wedge and will start another freefall to the next support at 800 area inside 0.618 fib area.
Fundamental:
The trigger would likely be the (next) earning report as evidence in decline of EBITDA over the subsequence quarter which has little hope to reclaim record earning at Q3 2021
Q4 2021 exhibit a poor earning performance(-25% from Q3) but followed by a to new ATH at 2500. The (low volume) markup most likely mark the start of distribution phase to from institution to retail whom realized the declining performance of the company and increasingly unhealthy interest payment coverage by its operating cash flow (EBIT/debt interest : 1.7x)
AGII's EBITDA
Q3 2021 275
Q4 2021 204 ↓
Q1 2022 184 ↓
Ready to BounceMy idea, price soon will be bounce. Good support at the square and dynamic support - blue line...
Just look at the chart. I think chart speak enough..
Taking profit as you want.. There's a red dot line as dynamic resistance..
SL if daily close inside
Do your own researh
Disclaimer On
Trade with your own decision
IDX 31st MAY 2022IHSG for the next 1 year, based on chart pattern analysis.
1. Macro resistance breakout at 6600 in October 2021, resistance area turns into support.
2. Retesting macro support area in May 2022.
3. Form a bullish channel pattern, with 2% support tolerance.
Technically if the price goes down then it will not be less than 6600.
Bullish target up to 7350-8000. This is my IDX trading plan, how about you?
IDX : CPIN Still in BIG SIDEWAYS 6000-6750CPIN Daily Chart Movement
CPIN is in rally after break the base resisten and multiple rejection, but there is a minor correction to support area 6050-6150 (Support / Multiple Rejection) or what we called it RE-TEST Support
After that the price will move to the next Resistance or Take Profit Area (6700 area)
Trend still on the Big sideways
Stochastic Momentum Overbought and thats mean there is a chance that the Rally will hold for a short time
Buy Area 6050-6150
Stop Loss Area 5950
Take Profit Area 6700
Disclaimer ON