KLBF is showing a potential reversal from a long bearish trend after failing to form a new lower low.The bearish trend formed in the middle of 2025, and it hasn't turned positive since. However, in the current stage, I saw a double bottom formed with a neck on IDR 760, implying a potential reversal trend. Currently, the price is testing the new support created from the neck. I believe this is a reliable support since it's on Fibonacci 38.20% as well. This reversal is also supported by momentum from MACD's Golden Cross, and the price has broken the MA20 dynamic resistance. If this circumstance continues, the price potentially rises to the Fibonacci target and the Double Bottom target (Green box).
Trading Strategy:
Buy: 770-780 after pullback rebound
TP: 845-855 | 9.7% - 11% (Green Box)
SL: 745 | -3.2% (Red Box)
Note: re-entry if it rebounds the Fibonacci 50% and 61.8%
Trade closed: stop reached
Cut loss due to CL hit 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.