Broadening Wedge and Bearish Divergence on TLKMWe Found Broadening Wedge Pattern and Bearish Divergence on TLKM. Expecting Reversal on the next wave.
Ihsg
JKSE Wave 3 MINIMAL target price now has reached!!E.W wave 3 is 1.6x the lenght of wave 1. By using fibo extension, we can draw the line using wave 1 and wave and we find that WAVE 3 of JKSE is @ around 6177-ish. SO what do we do now? well we can enjoy the bullish we are on right now and wait for the correction to occur (WAVE 4). Remember wave 3 minimal is 1.6 of wave 1 so although the minimal price has reached, the price can still go higher. However, at this point we should be very careful.
IHSG - Alert for CorrectionI personally believe that investing is an ability to analyze with a perfect timing for buy. Those timing would be gotten if you had known the technical analysis (trendline, supply and demand , support and resistance and fibonacci retracement )
WSBP Long Opportunity (24% Potential profit)Double bottom pattern. Let's see. IHSG also bullish .
there's also some probability that the price will also touch 300 psychological level.
TP :280-282 (23.9%-24.8%)
SL : 190 (ATR) (19%)
BEST buy on breakoutUptrend (Full Green)
Consolidation after Volume breakout with good candlestick
-> Buy on breakout
BJBR Buy on breakoutUptrend (Full Green)
Consolidation after Volume Breakout with Good Candlestick
-> Buy on Breakout
PAYBACK TIME @TOWRBut first, we are going to see the reaction which will be shown when it touch MA200 @960-965.
WSKT following uptrend channelTrend continuation supported by parallel channel, breakout on fibonacci resistant with high volume. WSKT goes to the next fibonacci level, 1405, then 1500(?).
CMIIW.
IDX:WSKT
BMRI - FORMING RISING WEDGE- I found BMRI just losing the momentum
- After follow up this stock just forming Rising Wedge Pattern
- RSI Indicator (Stoch) just tell us that BMRI is overbought
- So do Indonesian Composite Index just showing the overbought signal
ERAA cycle is almost complete!Wave 5 is complete or in the move? ERAA price however still moving to the upside after it bounced back from the channel.
TCID Technical Analysis - Expect Reversal Based on elliottwave theory, I am confident enough to say that the bearish trend is almost over. A zig-zag correction pattern is formed from a-b-c label, the price also hover around strong support range. I think the accumulation phase is happening now.
RSI indicating bullish divergence. Let's see if price can hold above MA 50 and MA 100 in coming weeks.
Cheers happy investing !
