INKP: The Advancing Phase & Recovery After Covid-19 Pandemic EraHello Fellow Global Stock Investor/Trader, Here's a Technical outlook on Indah Kiat Pulp & Paper!
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Technical Analysis
The Previous Breakout of the Bearish Trendline is confirmed as the starting point of the bullish trend. After breaking out of the bearish trendline, INKP has broken out of the bullish continuation pattern (Pennant) with an impulsive rebound on the upper trendline, indicating a possible upside movement ahead. Furthermore, stochastic made a golden cross, signifying a potential upside movement to the target area.
Fundamental Drives
Increased 65.58% of its Net Income (Compared to his latest 9 Months Performance in 2021)
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 INKP"
