INKP: The Advancing Phase & Recovery After Covid-19 Pandemic EraHello Fellow Global Stock Investor/Trader, Here's a Technical outlook on Indah Kiat Pulp & Paper!
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Technical Analysis
The Previous Breakout of the Bearish Trendline is confirmed as the starting point of the bullish trend. After breaking out of the bearish trendline, INKP has broken out of the bullish continuation pattern (Pennant) with an impulsive rebound on the upper trendline, indicating a possible
SMRA Falling WedgeSMRA . D1. Falling wedge pattern.
SL 540. Manage your expectation, because the SL is 11%.
SMRA had broke the resistance. Then the resistance has become support. So it potential to go to unfilled order area (level 670-700).
My personally set the entry at 590, 610, 615 (layering). And if it closed under the support (610) I will exit, even though in theory the SL is at 540.
Mind your money management. IDX:SMRA























