Stock Analysis UNTR

Ascending Triangle Saham UNTR

Ascending Triangle is another variant in the Continuation Patterns belonging to the group Triangles pattern,
but this pattern did not like Symmetrical Triangle neutral (depending on the trend that started).
Signal Ascending Triangle pattern is still giving bullish sign without being influenced by the trend of previous good --- uptend or downtrends.

These patterns can be seen in the image above is for UNTR.Garis shares (resistance) is horizontal, the bottom line (trendline) of increasing, flanked by fluctuations in the price movements increasingly .Formation  to belittle form peaks (1.3, 5) the same height, but the valleys (2,4,6) a higher and higher, indicating that the bulls are more aggressive and in control collision.Although require only a minimum of four reversal points (1,2,3, and 4) to establish this pattern, sometimes there are two additional reverse (5 and 6) prior to the closing of the above lines breakout.Price resistance required as validation of targets these .then pattern can be determined based on a vertical projection of the high range "point to line 2 resistance" to the point of breakout as shown above.

Mostly the volume will be thinned out as the formation of the formation took place, followed at breakout.In spite of surge to strengthen the bullish signal, traders can consider the volume that accompanied the fluctuating price movements in this formation, which should increase when prices go up and thinned when it comes down.
In the picture above chance UNTR shares rose to 19,000 + -, which is still going to form some price fluctuations swing 3 swing expected to require longer to breakout (through resistance).
Resistance's at 16,000 + - if the price was able to penetrate resistance's a strong signal to enter or buy this stock and see if there is a surge in volume is likely to achieve its target price on the 19,000 + -.
Disclaimer of all the decisions related to buying or selling is the responsibility of each individual and traders which is a mere analysis only.