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Stock Analysis - A Review to ADRO stock

Stock Analysis ADRO
ADRO stock now forming Symmetrical pattern in uptrend and trying to penetrate its the resistance line.
If this breakouts of the  resistance line and simultaneously through the uptrend support line, the next target is at IDR 2,175.
But if not, then going back into its downtrend (line resistance - support in blue color).

Compare with the picture on my last post here.
[Read This in Bahasa Indonesia]

Best Regards,

Analisa saham Indonesia | Saham Indonesia | Stock Analysis

Encyclopedia of Chart Patterns (Wiley Trading)

Example for Cup and Handle Pattern in Jakarta Stock Exchange (Bursa Efek Indonesia/IDX)


Cup and Handle Pattern:
  • A bullish continuation pattern
  • Found within an uptrend
  • The cup can extend from 1 to 6 months, sometimes longer on  weekly charts. The handle can be from 1 week to many weeks and ideally completes within 1-4 weeks.
  • There should be a substantial increase in volume on the breakout above the handle's resistance.
  • Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.

Example: Stock KLBF.

right pick of the cup (A) = IDR 1,390
the bottom of the cup (B) = IDR 355
breaks trendline = IDR 1,420
distance (A) to (B) = IDR 1,035
Target (C) = IDR 1,035 + IDR 1,390 = IDR 2,425
[Read This in Bahasa Indonesia]



Best Regards,

Descending Triangle consolidate a SGRO stock trend

Analisa saham SGRO
Descending triangle consolidate a trend but not necessarily an uptrend or a downtrend.
This SGRO stock formed a descending triangle pattern during its uptrend which led to further buying and continuation of the uptrend. Buy signal has breaks the resistance trend line and volume is expected to expands as the buying resumes to push the stock higher.
Today close price is IDR 2,825. Next target price  for this SGRO stock is IDR 3,325.
[Read this in Bahasa Indonesia]


Best Regards,

INDF - Stock Options Trading for 17 Feb 2010

Analisa saham INDF
A few days ago, INDF stock has forming Falling Wedge Pattern and has breakout its resistance.
Next target price is 4,050-4,075.
[Read this in Bahasa Indonesia]

Happy trading.

Best Regards,

Trading for 16-Feb-2010: BBNI


 A confirmation on the third day is required to be sure that the uptrend has reversed. This confirmation may be in the form of a black candlestick, a large gap down or a lower close on the third day.
[Read This in Bahasa Indonesia]

Best Regards,

Stock Analysis LPKR: Falling Wedge In The Beginning Of An Uptrend (Bullish)

 Stock LPKR formed a falling wedge pattern during its downtrend which led to an upside reversal.  As you can see, volume dissipates during the formation of the wedge pattern. Once the upper trend line was broken to the upside, the stock moved higher with ease.

Bullish confirmation of the pattern does not come until the resistance line is broken in convincing fashion. It is sometimes prudent to wait for a break above the previous reaction high for further confirmation. Once resistance is broken, there can sometimes be a correction to test the newfound support level.

While volume is not particularly important on rising wedges, it is an essential ingredient to confirm a falling wedge breakout. Without an expansion of volume, the breakout will lack conviction and be vulnerable to failure.[Read This in Bahasa Indonesia]





Best Regards,

Chart Patterns

Chart Patterns are patterns which occur in trading charts that help traders predict the probable direction the stock or currency pair is likely to move. Chart Patterns may form over any timeframe from a couple of hours to even years.
Candlestick Patterns also provide a reliable insight as to where the immediate direction of the stock or currency pair may head.
Firstly, we will look at chart patterns then candlestick patterns.

Pattern can divided into two categories:

  1. Reversal Patterns, where the market reverses its direction
  2. Continuation Patterns, where the market continues in the same direction after period of consolidation or retracement.





Reversal Pattern Continuation Pattern
Head and Shoulders Triangles
Wedge Flags
Double Top and Double Bottom Penants
Triple Top and Triple Bottom Channel and Rectangle
Rounded Bottom Cup and Handle


[Read this in Bahasa Indonesia]

Best Regards,

Stock Analysis - SOBI, Symetrical Triangle In An Uptrend

Analisa

This stock SOBI formed a symmetrical triangle pattern during its uptrend which led to upside continuation (blue arrow).  The buy point (red arrow) is when price clears the upper trend line and volume expands to take the stock higher.[Read this in Bahasa Indonesia]

Happy Trading!!!

Best Regards,

Stock Analysis BNBR - An Analysis of Stock Indonesia

Analisa Saham BNBR
BNBR Stock forming descending triangle pattern that indicates greater selling pressure and tend to continue its downtrend. Notice when the price breakout the support trend line and the accompanying its trading volumes, compare it with the previous volume. If yes, sell signal for this stock. [Read This in Bahasa Indonesia]

ISAT forming Bullish (Doji) Star

Analisa Saham ISAT
Usually a star that follows a long black candlestick in a downtrend indicates a change in the market. Bears were in control during the downtrend but now a change is implied by the appearance of a star that shows that the bulls and the bears are in equilibrium. The selling pressure decreases. Things are not favorable for continuation of a bear market.

A confirmation of the reversal on the third day is required. This confirmation of the trend reversal may be in the form of a white candlestick, a large gap up or a higher close on the next trading day (third day).

LSIP: Bullish Engulfing

The reversal of downtrend needs further confirmation on the third day. This confirmation may be in the form of a white candlestick, a large gap up or a higher close on the third day.

TINS, beware of volume today!!!

On Monday, 8 Feb 2010, closing price of this stock is breakout the pattern downtrend support. What about today?
To confirm the accuracy of this downtrends breakout, we use the volume.
Consider whether the volume of today there is an increase volume compared to the previous day. If yes, indicate the accuracy of the breakout. Conversely if volume today was a decrease, then we need to be careful to follow or participate in the breakout.


Could ADRO breakthrough a Gap?

Analisa saham ADRO
A Gap Down in a downtrend may indicate a previous level of support has been broken and now forms a resistance level. Trading consideration is since Gaps represent important areas of support or resistance they can be used to measure the strength of moves. If a price breaks through a Gap it is usually a signal of a significant price move.

KLBF: A Break of The Second Rising Line Would be Another Area to Short

analisa saham KLBF
This stock is finally breaking down after one of the greatest runs of all time.
At that time (sell point) the stock broke the most extreme rising line.
A break of the second rising line would be another area to short.

The down arrows shows high volume as the stock breaks.

Analisa Saham BBRI: Forming Cup and Handle Pattern

Analisa
Look at the picture beside. BBRI stock forming Cup and Handle pattern.And on February 5, 2010 there are gaps 7350-7400.

The time to buy the stock, is as it emerges into new highs at the top of the handle
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