IDX:FREN
Going to set up alert above 90 for FREN. That's my initial buy signal.
Currently sitting at Long Term POC VPVR with Anc. VWAP around 105 (Daily chart).
Intraday Stochastic give me positive divergence.
Still STRONG downtrend.
Go to the moon
Because Corporate Action ( Right Issue )
1 Right get 13 Warrent 5 years
One week before the HAMET they Excercise OWK and make it more interesting
Net profit will up next year
because they will pay the liabilities so at the end will decrease interest
when i saw from the financial statement i look that
the opration already profit but they...
#DYOR
Fren has been break from falling wedge pattern and now start to make a retracement at 102. Hopefully the price will test again at 118. If it could break, FREN will continue their bullish trend.But if not, it will be sideways at 107-117.
#Diclaimer ON
IDX:FREN successfully breakout from Bullish Pennant and forming candle pattern of There White Soldiers.
IDX:FREN close 1 pip below FIBO 0.382 which can served as strong resist, however if we take a look at MACD and STOCH indicator it seems the UPWARDS TREND has just started.
So in this case, there will be 2 possible trade scenarios :
1 ) We can open...
Showing the Flag chart pattern formed previously by FREN. It's trying to break resistance at 132. If it succeeds, then the next target will be 173. support at 118. Buy On Weakness.
