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Is a Sub-50 IDR Per Share Price Imminent?It seems that GOTO's future is not looking too bright at the moment. Despite being in a downtrend channel, there are no bullish signals indicating a potential price increase in the near future. Additionally, the FY2022 income statement shows that GOTO has not booked any profit and has actually incurred a loss of 2.6 billion dollars. This is not a good sign for investors, as it is generally not advisable to invest in a company that is losing money. As a result, it is not surprising that GOTO's stock price could potentially hit below 50 IDR per share. While GOTO's business may be impactful to Indonesia, the harsh reality is that loss is still a loss, and investors are likely to shy away from putting their money into a company that is not generating any profits.
IDX:GOTOShort
by ariefauliaa
AKRA: China Covid's Reopening. Oil Stock Bullish Bias Ahead?Hello Fellow Global Stock Traders, Here's a Technical outlook on AKRA! Support the channel by smashing the rocket button and sharing your opinions in the comment below! Price Action Analysis AKRA is moving above its bullish trendline. Recently, AKRA has rebounded on the Fibonacci Ratio Area. Furthermore, The Breakout of the Bullish Flag Pattern also gave us a strong indication of possible bullish bias ahead. The momentum indicator made a golden cross, signifying a possible upside movement to the target area. Fundamental Drive -China's COVID-19 reopening is expected to increase oil demand in 2023 (Good Sentiment For Oil Stock). All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/ Support area. " Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the AKRA"
IDX:AKRALong
by financialfreedomgoals101