Get started

IDX

IDX: DOID - May-2021IDX: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 March 2021, and the target has been achieved on 12 March 2021. Price continuously building an uptrend momentum with the highest price at 460 (Extension 3.618 from the last small swing low) and forming a Head and Shoulder pattern with the red ray as the neckline. The Neckline has been tested with Three Candles (19-21 April) and is currently forming sideways between 342-376. The head and shoulder pattern target will be at 284 (last low of Double Bottom Pattern). Disclaimer is always on. Trade at your own risks.
IDX:DOID
by dhimaswppr
IDX:PGAS - May 2021IDX: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 is at 1880. The neckline of 1515 became the confirmation line of this DoTop pattern. It was proven as the testing area for confirmation of the DoTop as a bearish reversal pattern. The target of the DoTop pattern reached on 13 April 2021 at 1150; since then, the formation of the daily candles is forming a potential Ascending Triangle that might give us the probability of both downward and upward breakout. The price needs to break out 1270 with a good volume to confirm the Ascending Triangle as a bullish reversal. The nearest target of the reversal is at 1395 (Ascending Triangle Target) The next target after1395 is at 1425 (retracement 0.382), Cut loss if the price is lowering to 1180, or if the risk is acceptable to 1145 (last lowest point). Follow the next retracement (1515 0.500 Retracement and 1600 0.618 Retracement) if the price continuously builds the uptrend momentum. 1400-1480 range will be the heaviest area to break and potentially give you a sideways area before deciding the next direction. Do not forget to place your daily stop loss. Disclaimer is always on. Trade at your own risk.
IDX:PGAS
by dhimaswppr
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
IDX: AALI - May-2021AALI Astra Family in the CPO Industry Yesterday's (04-May-2021) confirmed the reversal for the shorter downtrend line. When the candle breakout the trend line, we can use the Fibonacci Retracement to predict the target of the price by following its retracement. I predict that the reversal of this stock is quite strong to reach the 0.500 retracements at 10450 because the commodity itself is supporting the reversal. The price will then retrace to 0.382 retracements at 10125 before continuing the minor uptrend momentum and aim to reach the 10775 as the final target from the smaller retracement. There are basically two scenarios that I imagined. We can use the support from the Volume Profile analysis for the pullback target. Support from Volume Profile is the red and blue thick horizontal line. I would love to see the shape of candle formation will be the inverted head and shoulders before the prices move higher. By the time prices reach the target of small retracements (pink Fibonacci Retracement), the candles are broken out from the larger downtrend line to draw the 2nd retracements (bigger retracements) - colored in an orange line. I expect a slow movement due to the historical consolidation area in this section. A yellow background marks the consolidation area. From the chart, we can see that this consolidation area is located between 0.618 to 1.000 retracements for the small Fibonacci in pink color and between 0.382 to 0.618 retracements for the larger Fibonacci in orange color. If we combined all the predictions above, the upper resistance of the consolidation area would be the final target for the price action. As we can see, there is a potential clustering area of the Fibonacci Retracement and Inverted Head and Shoulders target highlighted in the green color. Don't forget that all the scenarios above are only predictions, or I might say what I love to see in the future. Cheers! Disclaimer is always on. Trade at your own risks.
IDX:AALI
by dhimaswppr