As a cement producer company, we can include SMBR in our portfolio as a proxy to economic recovery. As the economy recovers plus the boom from commodities (coal and CPO), infrastructure should get more allocation in Indonesia's 2022 State Budget. The derivate of infrastructure sector is definitely the cement sector. Based on technical analysis, SMBR has support at...
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...
Some might think this is a descending triangle but looking at the volume created during the consolidation, I would say this is a Bullish Flag. Critical support to maintain is 600, with 700, 780, 900 as the resistances. In my opinion, it is very possible for MMLP to reach 1450(+128% from the current price) at the end of the year.
IPCC has a falling wedge pattern which has been confirmed. Current support is 565. You can buy IPCC as close as possible to 565 to minimize the risk. The target price pattern of falling wedge is 720, the next target is 780 (closing the gap), then to 900 (the previous high). If IPCC could break 900, it will confirm a continuous pattern cup and handle with a target...
