CLOSE
JCI managed to close down with a bearish candle and formed a double top pattern. Stochastic indicator is bearish, MACD histogram is moving positive (bullish line) and volume is increasing. If it moves bearish, JCI is expected to weaken to the support range of 6,708 – 6,760. If JCI is able to move bullish, there is a chance for JCI to go to the resistance at the range of 6,816 – 6,832.
(BFIN)
The price closed higher with a bullish candle. The price has the opportunity to strengthen again to the nearest resistance. Stochastic indicator is bullish, MACD histogram is moving positive (golden cross line) and volume is increasing slightly. Confirmation to buy if the next candle is bullish again or buy on support if it goes down first. We suggest being careful if it fails to stay above the support level. (Trading Buy)
TRADING STRATEGY:
1.Target Price: The price has a bullish opportunity to test the resistance level 1,380. If it breaks level 1,380 then the price will go to level 1,395. We recommend to be careful if the price fails to break through or turn around the support area.
2. Stop Loss: To minimize the risk of loss, we recommend placing a stop loss at level 1,315.
Entry Buy : 1,330 – 1,355 | Target Price : 1,380 – 1,395 | Support : 1,320 – 1,330 | Cutloss : 1,315
(ERAA)
The price closed higher with a bullish candle. The price has the opportunity to strengthen again to the nearest resistance. The stochastic golden cross indicator, MACD histogram is moving positive (golden cross line) and volume has increased significantly. Confirmation to buy if the next candle is bullish again or buy on support if it goes down first. We suggest being careful if it fails to stay above the support level. (Trading Buy)
TRADING STRATEGY:
1.Target Price: The price has a bullish opportunity to test the resistance level 560. If it breaks level 560 then
the price will go to level 580. We recommend to be careful if the price fails to break through or turn around the
support area.
2. Stop Loss: To minimize the risk of loss, we recommend placing a stop loss at level 520.
Entry Buy : 535 – 545 | Target Price : 560 – 580 | Support : 525 – 535 | Cutloss : 520
(TLKM)
The price closed higher with a bullish candle. The price has the opportunity to strengthen again to the next resistance. Stochastic indicator is bullish, MACD histogram is moving positive (bullish line) and volume is increasing. Confirmation to buy if the next candle is bullish again or buy on support if it goes down first. We suggest being careful if it fails to stay above the support level. (Trading Buy)
TRADING STRATEGY:
1.Target Price: The price has a bullish opportunity to test the resistance level 4,340. If it breaks level 4,340 then
the price will go to level 4,420. We recommend to be careful if the price fails to break through or turn around
the support area.
2. Stop Loss: To minimize the risk of loss, we recommend placing a stop loss at level 4,140.
Entry Buy : 4,170 – 4,250 | Target Price : 4,340 – 4,420 | Support : 4,150 – 4,170 | Cutloss : 4,140
(WOOD)
The price closed higher with a bullish candle. The price has the opportunity to strengthen again to the nearest resistance. Stochastic golden cross indicator, MACD histogram is moving positive again (golden crossline) and volume is increasing. Confirmation to buy if the next candle is bullish again or buy on support if it goes down first. We suggest being careful if it fails to stay above the support level. (Trading Buy)
TRADING STRATEGY:
1.Target Price: The price has a bullish opportunity to test the resistance level 430. If it breaks level 430 then
the price will go to level 436. We recommend to be careful if the price fails to break through or turn around the
support area.
2. Stop Loss: To minimize the risk of loss, we recommend placing a stop loss at level 404.
Entry Buy : 410 – 420 | Target Price : 430 – 436 | Support : 406 –