ADMR trade ideas
ADMR: Can it Be The Start of the Markup Phase?Technical Analysis
After moving in the sideways trend for a while, ADMR made a descending broadening wedge pattern. Furthermore, ADMR has broken out of the Falling Wedge Pattern. The Breakout could indicate a possible starting point for the Markup Phase. The Markup Phase is the stage of price breakout of the trading range and starts to rise steadily. Therefore, we are forecasting a potential upside movement to the target area.
All other explanations are presented in 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 in the ADMR"
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ADARO Wave analysisAt this point I expect ADARO to go up. here are some reasons
1. Elliot wave analysis on Adaro shows that it is currently correcting (Zigzag) and will form the last impulsive wave (wave 5)
2. Adaro is in a tight supply and demand area at Fibbonacci 38.2%-61, 8% .
3. The resistance line at 1900 has been broken (round numbers crossed are usually a good sign).
4. if you look at the H1 chart, a symmetrical triangle is formed which is rebounding.
If I buy this stock then I will buy it now with SL 1 at 1245 and SL 2 at 1005 with TP at exactly 3000. However, it is better to consider the fundamentals of the company.
ADMR HAS VERY GREAT OUTLOOK (1H)At this time, we have a great opportunity to take entry set up for ADMR which has continuation pattern and its already breakout with huge volume.
we're not just analyse only with technical analysis.
Talks about fundamental, price of commodities are increasing right now during what's just happened between russia and ukraina.
Such as gold, oil, coal, etc.
Note for All Traders :
It Doesn't matter whether correct or not your analysis are.
Doing analysis makes you brave and confident to yourself "HOW " and " WHY" you entry the market.