TLK trade ideas
TLKM - BULLISH REVERSAL - DOW THEORY (INDONESIA STOCKS EXCHANGE)TLKM BULLISH REVERSAL
AFTER SEVERAL ROUGH MONTHS OF ITS BEARISHNESS, TLKM START REVERSE TO BULLISH, FROM DOW THEORY WE KNOW THAT MARKET MOVE IN A PRIMARY, SECONDARY AND FOLLOWED BY PRIMARY AGAIN JUST LIKE AB = CD, TLKM ALREADY DO HIS PRIMARY AND SECONDARY BULLISH REACTION, NOW TLKM START TO FORMING HIS PRIMARY REACTION WHICH WILL LEAD TLKM TO AROUND 3700 - 3720
WHY THAT AREA?
THE REASON IS
1. WE CAN SEE A GAP AROUND 3700
2. THE GOLDEN RATIO OF 1.618 FIBONACCI EXTERNAL RETRACEMENT ALSO STOP AT 3720 (XAY).
SO THE FIRST POINT AND SECOND POINT CLUSTER AT THE SAME TIME
CUT LOSS AREA SHOULD BE
3150
REASON : 2ND SWING LOW ALREADY MAKE A HIGHER LOW AND IF BREAK THE FIRST LOWER LOW THEN IT MIGHT GO TO 3060 AND GO UP TO CHASE THE 3700 TARGET
3060 IS THE AREA OF FIBONACCI XAB FOR THE FIRST PRIMARY OF THE BULLISH
DISCLAIMER ON !
TLKM Strong Sell??Kalo kita lihat secara grafik emiten telkom sedang mengalami donwtrend, bahkan hari ini nett sell dari asing mencapai 304.6 M (via RTI business). Tapi dengan fundamental yang sangat baik, apakah kita masih takut untuk koleksi salah satu saham BUMN ini? Terserah anda, tunggu hasil pilpres AS adalah waktu yang tepat.
TLKM Normal Price versus Current PriceTLKM is one of Composite dominant contributor which the Stock price is still bearish now days. So let's see how the normal price of this stock index by simple view. Normal price actually is EPS x PER (IDR 4020). And this stock index has a normal price higher than current price (IDR 2650). So if you buy this stock now you get a discount. Happy trading!
IDX:TLKM
TLKM will continue bearishLooking at the trend and the consolidation, the the price has a big chance to break the support and go down further.
The first target is 2850, if the price could close bearish outside the square and the trend line.
The worst scenario that the price close below 2850 and go down to 2600 will make a double bottom pattern before going up again.
The best entry position will be at 2600 - 2700. Another entry position will be at 2850 if the price consolidated near the support.
TLKM - Institusi mencari harga murahTLKM selama beberapa waktu terakhir ini terus tertekan oleh aksi jual dari para Institusi. Dan ada potensi 2,880 jebol dan harga terdorong kembali ke bawah ke 2,550. Kalau ini terjadi, ada peluang yang cukup baik untuk mencicil saham ini.
Jika untuk jangka panjang, TLKM masih berpotensi untuk bergerak naik di masa depan karena prospek bisnis TLKM masih cukup cerah terkait dengan perkembangan teknologi seluler dan internet. However, meski begitu, disarankan untuk melakukan cicil beli untuk saham ini karena secara umum, tren saham ini masih bearish. Dan harga berpotensi untuk terdorong turun lebih dalam.
Minggu depan ini, kita harus melihat perilaku market disekitar level demand-nya, untuk melihat apakah ada Institusi tertarik untuk menyerap semua selling order yang diberikan oleh seller.