TPIA, BEARISH BROADENING PATTERN in MONTHLY timeframe. I personally will not invest in this stock (if my Investing plan >5 years). But, if you want to take swing trade plan, you still can consider this stock and make plan. From my perspective, I find this stock interesting for swing trade if the price goes below <6000, especially if the price at level 5800...
TPIA is at its strongets support level because of the trendline support and the 6875 area of support. As we can see too, TPIA has created an elliot wave in its weekly timeframe, and currently creating level C of the correction wave. Because TPIA is in its area of support, we can see a future bullish trend.
Perspective of TPIA,
Possible movement from HNS Pattern. Price might go up to 7700
Place your SL half of the profit target.
My profit target is around Rp 700 and risk is about Rp 350.
Disc On
