WOOD
antre area 550-535, SL<525
break double bottom dengan volume,
target pola double bottom di 585-590.
Jika berhasil breakout, maka lanjut ke area 645-650.
wood good candle, rejection candle and
then green candle show buying power.
volume is big too and there is accumulation.
EMA is close to each other.
PLAN,
WAIT FOR PULLBACK AT PIVOT AROUND 780
SL BELOW 720
TP 870 AND 970
IDX:WOOD is showing a clear sign of trend reversal.
Technical :
After making consistent higher low and higher high, IDX:WOOD is reaching a new high and hit EMA 90 (Sell Area 1) .
The price would retrace for a while and then hopefully it would bounce back higher to sell area 2.
Fundamental :
Sell Area 2 is similar with the stock's intrinsic value (around...
I think its still an uptrend(please find the orange line). The price is tested the support line at 870 area. Risk and reward is also more than 1:2. Try to reach first target at 1000. Worth it?
