BUY NOW - ADRO is likely to be bullishPrice shows rejection in the support area and no Breakout has occurred
ENTRY BUY AT 3670
STOP LOSS AT 3550
TP 1 AT 3990
TP 2 AT 4220
ADRO trade ideas
Applying Technical Analysis in multiple time frames: $ADROMonthly
• Trend and momentum using Joe Rabil Method:
- From LL in Dec 2015, price has made 2 LH and 1 HH but it is still in presumptive uptrend. It will become uptrend if it breaks 4250.
- Price is above 18-month MA and 40-month MA and both MAs are rising but no separation yet
- MACD made 0-line reversal and is up
• Elliot Wave Method: None
• Harmonic Trading Method: Mapping: Bearish Deep Crab - 1.618 @ 4460
Weekly
• Trend and momentum using Joe Rabil Method:
- From LL in May 2023, price is in presumptive uptrend
- Price is above 18-week MA and 40-week MA, 18-week MA is rising and above 40-week MA with good separation.
- MACD is rising as per price
• Elliot Wave Method: Mapping - Zigzag AB-(C)
• Harmonic Trading Method: Price reached Bearish Bat – 88.6 @ 4010 with pullback target at Fib 38.2 and 61.8
Daily
• Trend and momentum using Joe Rabil Method:
- The last 2-day bars have been a concern, but price structure is still in uptrend
- Price is above 18-day MA and 40-day MA, 18-day MA is rising and above 40-day MA with good separation.
- MACD is rising as per price, however there is possibility for bear divergence or PINCH setup
• Elliot Wave Method: Mapping - Impulsive wave W12-(345) instead of zigzag as in weekly TF
• Harmonic Trading Method: None
1H
• Trend and momentum using Joe Rabil Method: Price makes a strong pullback; watch price action when MACD is near or reaches 0 line
• Elliot Wave Method: None
• Harmonic Trading Method: None
This analysis is made to track my TA's learning progress, and now I am focusing price action at 1H TF
ADRO 18 April 24Break up R & TL MN
Buy or Avg up 2720 50%cap ; 2700 50% cap
T1 2820 (Inside bar)
T2 2930 (next R)
T3 wait break up T2
Escape plan:
D1 closed under 2660 = CL BEP or at 2690.
SL is your MM tolerance
Risk : Wedge , liquidation
Support 2620
Adro potential upside for new bullish trend 3650Potential new bullish trend
Break down trend trendline, upside target 3650 to chase the gap
ADRO is on the gominor correction on previous resistance which become support.
considering the global energy consumption which is increase and rumors regarding political matters of the holding person of ADRO, it might be the right time for taking long position.
Adaro Energy Indonesia TBK, week#39Adaro has reached it's value (IDR.2900-3100)
Potentially it can breaks IDR.3230
Support at IDR.2770
Adaro Energy Indonesia TBK. Week#36Adaro still in a great volume
Our next target is IDR2710
Support at IDR2660
Is ADRO will fall down?ADRO D1
Momentum: Bearish Divergence
Pattern: Bearish Flag
Volume: Bearish Divergence
I think Market Maker still waiting to buy at 1600 - 1895. Let see guys.
Adaro Energy Indonesia, TBK. Week#30Early trend, has a room for a false break.
But it has a good volume
We set our target IDR2720, next week
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
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.
Adaro Energy, week#26It seems like investors slowly adding some share of it, but it was not good enough.
If it close above IDR2360 incoming week, it is a good sign
ADRO - 30 Oct 2022I'm using Eliott wave theory to try see where we are right now. and currently my view is we are on the way to correction 4, before another rally to 5.
lower target 2930
then
higher target >4360 (if break new ATH, price discovery)
NFA DYOR
ADRO - PULLBACK BUYI have pilot positions from a pullback buy.
The stock gets some support on the 4th day of a pullback before I initiate my low-risk position.
ADRO break support 3100The price break support area at 3100. Now the price will retest next support at 2970.
ADRO uptrendshare chart ADRO
Bullish pennant
MA30 uptrend
share chart ADRO
Bullish pennant
MA30 uptrend
share chart ADRO
Bullish pennant
MA30 uptrend
share chart ADRO
Bullish pennant
MA30 uptrend
IDX: ADRO FOR MAY 2022weak support at 3270
weak resistance at 3370
I Prefer yellow trading plan
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
ADRO - CUP WITH HANDLEI got a position on 20th April. I sold immediately on the same day as it has bearish engulfing.
