PTBA Technical Analysis | Breakout or Breakdown? | APR 2021

(Long) Swing Trading / Investing
PTBA still Sideways in Blue Symmetrical Triangle Pattern
Breakout or Breakdown?

Entry at Yellow Area / Lower Blue Line / Break Out Symmetrical Triangle Pattern
Entry 1 (2530 – 2580)
Entry 2 (2110 – 2200)

Taking Profit at Green Area
TP 1 (2800 – 2880)
TP 2 (3150 – 3290)

Other
- For Short Trading, TP at Fibonacci Retracement Golden Ratio (0.618)
- Stoch RSI: Slightly Golden Cross
- Stoch RSI: In Over Sold Area
- Volume: Still Small
- Follow the IDX Syariah Rules

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The content is not intended to invite, buy or sell a particular stock. The decision to invest/trade/transactions are fully in the hands of the reader. Naufal Rafiza as a writer NOT responsible for any loss or profit that occurs from reader decisions. Educational Material Only.

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