PWON trade ideas
IDX:PWON 12th JANUARY 2023PT Pakuwon Jati Tbk is an Indonesian real estate developer based in Surabaya and the holding company of the Pakuwon Group. In 2023 the company prepared a budget for land expansion. This year PWON has prepared a capital expenditure (capex) fund. PWON has obtained a fixed price and started installments for land in Batam. PWON will enter new projects such as expanding in Surabaya by adding condominiums, mall infrastructure and mixed use projects such as shopping centers, hotels, and housing for expansion in Batam, Central Java, and Bali.
PWON makes a new higher highPwon stocks in the short term form a very regular downtrend Lower Low (LL), Lower High (LH), and so on. then PWON cannot penetrate the lowest LL and create a new HH and break of the flag pattern. So it is hoped that PWON can now make a swing low and become the second HL.
#RiskDisclaimer
ENTRY AT PROPERTY SECTOR - PWONThe strengthening of property stocks in the last 3 months cannot be separated from the realization of the performance of developers who have emerged from the slump due to the pandemic since 2020. With a number of stimuli, both in terms of fiscal and monetary, pre-sales of property issuers began to rise this year.
KONTAN.CO.ID - JAKARTA. PT Pakuwon Jati Tbk (PWON) plans to acquire land or malls in Java and Bali. Pakuwon Jati Development Director Ivy Wong said, there were already several companies or land managers who offered land or land to be sold to PWON. Ivy said that this year PWON is focusing on two mall projects, namely Pakuwon Mall Bekasi and Pakuwon City Mall (3rd extension) in Surabaya. For Pakuwon Mall Bekasi, the investment value is around Rp. 2.1 trillion and the land area of the mall is around 3.5 hectares (ha).
Ivy added that the easing of the Implementation of Community Activity Restrictions (PPKM) made PWON mall traffic gradually increase again. "PWON mall traffic on the weekend has again increased by around 80-90% from pre-covid from 2019,"
in technical analysis PWON form a cup and handle pattern, so can buy when price breakout resistance.
BUY: 530
TARGET PRICE : 660
STOP LOSS: 515
Supply & Demand Ideas, PWON 1WThis post has 2 language versions, English and Indonesian, so everyone and Indonesian people can understand it.
EN: On the weekly timeframe, upside momentum trendline break is happening which is indicate that bullish move is over and in transition into bearish move and creating a DBR Supply Zone located in 570-616 price range, this zone has high probability to turn the price of PWON share to fall even deeper because on the monthly timeframe the current trend is consolidation with more probability for price to continue falling.
ID: Pada timeframe mingguan, telah terjadi upside momentum trendline break yang menandakan tren menaik atau bullish sudah berakhir dan transisi menjadi tren turun atau bearish dan terdapat DBR Supply Zone yang berada pada rentang harga 570-616, zona ini memiliki probabilitas tinggi untuk menurunkan kembali harga saham PWON dikarenakan pada timeframe bulanan tren saat ini adalah konsolidasi cenderung turun.
*Opinions expressed here are not intended to be a forecast of future events, a guarantee of future results or investment advice, and are subject to change based on market and other conditions.
Supply & Demand Ideas, PWON 1MThis post has 2 language versions, English and Indonesian, so everyone and Indonesian people can understand it.
EN: On the monthly timeframe, upside momentum trendline break is happening which is indicate that bullish move is over and in transition into bearish move plus PWON share price fall -34.96% after retesting the DBD Supply Zone located in 610-696 price range, if we analyzing using the Supply & Demand methodology, the current trend on the monthly timeframe is sideways/consolidation with more probability for price to continue falling.
ID: Pada timeframe bulanan, telah terjadi upside momentum trendline break yang menandakan tren menaik atau bullish sudah berakhir dan transisi menjadi tren turun atau bearish ditambah dengan harga melakukan retest pada DBD Supply Zone yang berada pada rentang harga 610-696 yang mengakibatkan harga saham PWON turun -34.96%. Namun, jika menganalisa menggunakan metodologi Supply & Demand, tren pada timeframe bulanan saat ini adalah sideways/konsolidasi cenderung turun.
*Opinions expressed here are not intended to be a forecast of future events, a guarantee of future results or investment advice, and are subject to change based on market and other conditions.
PWON Wait n See for RetracementPWON Higher low in weekly chart is around 425 - 445
My personal plan is wait for some retracement and make entry in the weekly low.
However if PWON go above 600 it will be invalidate the analysis and break the sideway trend into bull trend.
Note: Only my personal thought, not a recommendation for buy or sell.
REKOMENDASI PWON (BUY NOW)TEKNIKAL :
- D1 retest ke trenline dan resisten sebelumnya indikasi RbS
FUNDAMENTAL
-
REKOMENDASI INSTAN BUY 510-520, reaon terdapat trendline yang indikasi akan menjadi support dan RbS, TARGET PRICE :
- short term 600, reason : resistent sebelumnya
Selamat buat yang sudah seger portofolionya dari analisa sebelumnya :) jangan lupa sedekah