INDO $ Bottom Areawe broke our triangle down , however we seeing a strong buying pressure above our current support the 6$,now we going to retest our Resistant around the 9.455$, and if we got rejected, we will continue to go down to retest the support 6$, and if we did't hold, we will see the price go to the bottom price level for this year above the 3.40$.
and if over come the resistant 9.45, we will see a reversal in the bearish trend , and the 6$+ will be confirmed bottom for this year .
AMEX:INDO
Indonesianstocksmarket
IHSG / IDX Correction prediction !So after breaking new ATH recently, IDX currently has formed Rising wedge which means it gonna dip for a while.
The nearest support is 6500 area, if it bounce from here we can be sure that IDX will reach new ATH on January 2022
during Window Dressing, Santa Claus rally, and January Effect.
But it can broke down to 6375 level or even 6150 level.
As long as 50 EMA still above 200 EMA we will gonna be bullish for a moment.
Stay safe, Invest wisely! be cautious.
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Feel free to post your opinion on the comment section!
Stay strong Indonesian Brother!
Bullish Bias on IDXJKSE would still maintain their bullish bias as a bullish flag pattern appear 'till it hit the objective target as AB = CD pattern. Buy on break should be your consideration or just try to seek an inside bar to entry. Invalidation start if only the price goes down and close below 579x
Will SIDO continue the previous rejection? Or ...😕When viewed as a whole with a daily time frame, the candle of this stock has many wicks. Starting from the dragonfly doji, gravestone doji, long-legged doji, and so on. Many candles you will find here. From now on, this means that a lot of the market uncertainty arises, and you must weigh your risk-return ratio carefully, or you will just be wasting money on commission fees equivalent almost to 1 tick of the share price. Now, the choice is yours. What will happen next, we just have to wait for the confirmation signal, right?
USDIDR Points Towards Continuation of WeaknessThe USDIDR also trends with its peers in Singapore and Thailand for continued downward movement. Although weakness in the past week is showing weaker signals in RSI and the bull bear crowd sentiment indicator, nearly all exponential moving averages suggest further continuation of the trend. In spite of this, price action is fast approaching a 2018 trend line which could reappear as long-term support and a reversal, although this is not likely to come to fruition for a number of trading days unless volatility really picks up.
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PT.Sat NusaPersada,Tbk Bullish Pennant Come AcrossHello Guys,
today i'm gonna charting on $PTSN indonesian stock. it's recent huge gains with almost 600% up in recent months because of it's company fundamental good news which is the company prime export it's smarthome routers to United States according to the last month company news. it's wireless routers can support the realization of smarthome connection that requires high data bandwidth. and also the latest news from $PTSN is the cooperation of a Taiwan-based iPhone manufacturer, Pegatron Corporation, in early January 2019.
let's see how $PTSN technical analysis will go, as you can see on the daily chart, it's gently forming & establishing a bullish pennant while rejected two times in 1480 correction area which i marked with yellow boxes. so i assume it will totally break the pennant soon because it's good both in technical & fundamental. if the second impulse sticking out, it will retest 2200 area which is the previous swing high area. i'm jump aboard the trade, laddering buy at 1485 - 1550 area & will laddering take profits between blue box & green box area which means on 1700 - 2200 area.
but we can't make a 100% prediction on the trade,let's keep on eyes on the support area (cutloose are) at yellow & reed boxes on the chart. because the fundamental news can ruin it, like the US-China war trade & the indonesian presidential elections day on 19th april.
tab like button if like my analysis :)