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Stock Analysis: UNTR - Bearish Engulfing Pattern

Stock Analysis UNTR
Beware of the bearish engulfing candle which acts as is the reversal of the upward price trend. The bearish engulfing candle reverses thet trend, but only for a short time.
Breaks out to the downward when price closes below the bottom of the candle pattern first (< IDR 16,700).

Support - Resistance = 16,550 - 17,500.
Target = 16,525 (Fibo 38.2%).


Best Regards,


Analisa saham Indonesia | Saham Indonesia | Stock Analysis

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