PTBA trade ideas
PTBA in Retest ⚠️⚠️⚠️PTBA . Daily TF. Rising wedge pattern. Has broke the trendline support and go to the retest area (support that become resistance). Be carefull. It might do down if it rejected. Or if it enter the wedge area again and breakout the wedge, it is become bullish and cancel the bearish.
PTBA possible to close the GAPPTBA is currently breaking its strong resistance at around 3030-3120. It can be seen on the chart that the price is breaking its strong resistance with a very strong bullish candle and supported by such a large volume. this has the opportunity to send the price up to the supply area around 3170-3830 where previously was a strong support area which was broken down in May 2019. As a result of the breakdown, we can see on the daily chart leaving the gap area right below the supply area that I marked . This indicates that there are a lot of sellers queuing up to sell in that area and we can use it as a price target.
PTBA BULLPTBA, Fundamentals looking very strong, numbers looking good. The monthly chart indicates Positive movement. I think there will be momentum in Late Feb or Early March.
Once it crosses 3000 a key FIB level to watch, the upside is huge, April May June is a possible Dividend season, so all indicate positive.
if due to Macro situation, Fed Interest hike, Ukraine situation. market goes negative. then it can come to 2200 LVL but unlikely then I will buy more.
Anyway.. this is a personal POV, everyone should do their own analysis. and responsible for their decision.
IDX: PTBA FOR THIS WEEK 8-12 NOV 2021STRONG SUPPORT AT 2300
STRONG RESISTANCE AT 2700
I PREFER YELLOWTRADING PLAN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
IDX: PTBA FOR THIS WEEK MEDIUM RESISTANCE AT 3110
STRONG SUPPORT AT 2700
I PREFER GREEN TRADING PLAN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
IDX: PTBA FOR THIS WEEK STRONG SUPPORT 2300
STRONG RESISTANCE 2700
I PREFER GREEN TRADING PLAN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
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target 1 = 25xx
target 2 = 26xx
PTBA IS FORMING SYMMETRICAL TRIANGLE, POTENTIAl BREAKOUT TO 2400PTBA is forming symmetrical triangle after breaking the diagonal bearish trendline. PTBA already move above the dynamic support EMA 21&34, indicating that PTBA has chance to reach the target area 2400 after breaking the symmetrical triangle pattern.
Roadmap will be invalid if the price movement is moving below the support level 2170.