Is INDY set to make a Head and Shoulders pattern by making and upside correction?
The chart tells me so. We are at a demand zone from 2021 as you can see from those choppy candles. I believe theres little risk if we enter now.
as long as INDY can breakout the resistance area which is between 2070 - 2170 as well as breakout the EMA 100, I assume INDY will continue to go to the next resistance area range 2450 - 2580. The potential upside for this trading will is about 13% - 19%. put the stop loss at 8%
During its super cycle, IDX:INDY forming an Inverted Head & Shoulders pattern with expected target price around 8900 on Q4'25.
Currently it forms low (L) - higher low (HL) - higher low (HL), the upcoming HL supposed to be around level 1375 to 1535, somewhere in Q3'23.
Do you agree to put IDX:INDY into a long-term investment basket?
Think positive!
-AJ-
I got my pilot position on 30 Aug 2022.
The stock breakout of that majority line of supply.
Today, I don't add to my position due to my progressive exposure plays. I'm not getting so aggressive yet.
I've secured my positions in this quintessential VCP setup.
The stock is a potential superperformer, it has all the characteristics. It has a low-risk entry, powerful earnings, high RS Line.
Medium support at 2150
weak resistance at 2340
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...
IDX:INDY
Will try to initiate buy for INDY around FIBO Channel 0.5 and will use Intraday chart for signal.
Swing High and Low Daily around 1900. Will be my target.
Stop Loss below lower FIBO channel.
Trading strategy for INDY. If you already buy INDY in 1890-1950, there are potential rebound short term testing resistance area (red area) <2070-2135> with hidden bullish divergence. But, in medium, correction will happen because there are bearish divergence in weekly tf and shooting star candle in monthly. Demand area ideal for buy area in green area, around...
WEAK RESISTANCE AT 2340
MEDIUM SUPPOT AT 1970
I PREFER GREEN 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...
Breaking out of the falling wedge pattern will make INDY has a target price of 2000 (+43.88%). There is a potential continuous pattern, cup and handle, with 2000 as the neckline. If the cup and handle pattern is confirmed, the target price will be 3600 (+159%). The probability of INDY breaking out of the falling wedge pattern is bigger than the opposite...
MEDIUM SUPPORT AT 1970
MEDIUM RESISTANCE AT 2600
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...
