SIDO OversoldSIDO Oversold. Initiate buy.
Selot selot from 640 to 300
SIDO patterns resemble with ACES.
Super Downtrend with potential rebound.
Disclaimer On
AUTO - FLAT BASEI bought my positions today
June 8, 2023
The reasons:
1. The stock offers a low-risk entry point
2. It developed a small cup-and-handle pattern
3. It outperformed the general market
4. It has a high relative strength line
5. It has VCP characteristics
6. It breaks out with a huge volume
Flaw:
1. The market is still in a correction
2. Lack of setup in the market
Short review chart stock 'ACES'IDX:ACES looks for a trend reversal from bearish to become bullish.
A look at the chart weekly, there is a bullish engulfing indicates a price reversal and validated by double bottom chart pattern on daily chart. The volume on 21 June 2023 shows spike and long candle indicates interested investor on $ACES.
Here is my analyze for IDX:ACES
TP 1 750-780 (harmonic resistance)
TP 2 835 (gap trading)
SL 605
Current price: 680
Risk:reward: 2x (TP2)
#Disclaimer On #Do_your_own_research
A short review about $NISPNISP is on up trend going to next classic resistance since 23 Dec 2016 at 1.370.
Now the price is already bouncing at dynamic resistance which is Exponential Moving Average 21 and goes to harmonic resistance 1.310. However, NISP already shares the dividend from 2022 and multiplies in 2023, which is a good sign for investors or traders to buy it.
Trading plan:
Buy 1.220
TP1 1.310
TP2 1.370
SL 1.120
Risk:Reward: 0,9 (TP1) & 1,5 (TP2)
#DisclaimerOn $Do_your_own_research
Adaro Energy Indonesia, TBK. Week#30Good volume, take it as our alert
If next week it break IDR2450, we'll add some of adaro's shares
$ENRG Rise like legendary Phoenix IDX:ENRG slowly pick up steam after global positive news surrounding oil production cut by OPEC.
MACD indicator show good oversold cross with the price now trade around and will soon above EMA 50. Both show an indication that IDX:ENRG will go up with TP as picture suggest.
SIDO: Breakout of Bearish Channel, Bullish Outlook Ahead?Hello Fellow Stock Traders, Here's a Technical Analysis of SIDO!
Industri Jamu & Farmasi Sido Muncul (SIDO) has demonstrated significant price development by breaking out of its bearish channel. This price action indicates the beginning of a bullish trend in the stock, accompanied by a bullish candlestick pattern and increased trading volume.
Moreover, the bullish outlook is further supported by the appearance of a golden cross on the MACD Indicator. The presence of a golden cross in this context typically suggests a higher probability of upward movement toward the target area.
Considering these technical factors, the current price action, and the indicators, a positive outlook is projected for SIDO. This suggests a potential upward trajectory in the near term.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
Disclaimer:
Please note that this analysis is solely for educational purposes and should not be considered as a recommendation to take a long or short position on $SIDO.
ADRO: A Death Cross Curse?Moving Average trend indicators are running into a death cross in IDX:ADRO , giving a sign for mid-term downtrend to sustain. My swing low targets are placed at level 1705 to 1730, leaving a sharp drop around 26 to 27% downside.
I hope my chart perspective would be wrong, but if.. it happened, you guys had been warned from the start.
INDY - POTENTIAL UPSIDEas long as INDY can breakout the resistance area which is between 2070 - 2170 as well as breakout the EMA 100, I assume INDY will continue to go to the next resistance area range 2450 - 2580. The potential upside for this trading will is about 13% - 19%. put the stop loss at 8%
Pembangunan Pemerintah. Tbk, week#29Target next week will be IDR650 and above it, sky is the limit
Support at IDR590
Merdeka Copper tbk sideway to bullish or back to bearishMDKA forming sideway with a lot insidebar in within mother candle after created reversal pattern - double bottom, now minor bullish trend will be tested once again
Confirmation of this sideway only will be happened when price action breaks up the highest of mother candle (3.470) or breaks down from the lowest of mother candle (3.290) , sideway area is drawn by orange box
trader could buy on breakout (3.480) or stoploss at 3.280
EMTK: Wake Me Up When November ComesBefore November 2023 end, IDX:EMTK shall touch IDR 1040 /share.
Don't you believe?
Me? Nope! But I bought it already and keep my eyes close!
Lol..
-AJ-
MTELShowing a double top pattern, confirm if the neckline is penetrated at level 645
Buy: 600-625 (BOW)
Sell: 695-700
Stop loss: 3% from purchase price
Disclaimer:
We are not responsible for any losses you experience during trading because every decision to buy / sell is your responsibility
Sectoral ViewThese charts are the sector indices of important stocks in Composite.
I monitor this to see the sectoral movement.
ARKO arko buy
timeframe 1d
b 645
sl 600
tp 825
*disclaimer on*
please discipline with the trading plan
