Posts
Shares of Astra International Tbk (ASII), Pennant Pattern
Pennant pattern is one of continuation patterns of the most common and reliable in charting. Pennant describes pause for a moment in a very dynamic trend, a trend which is very "steep" because it is formed from a price increase very rapidly and in a relatively short tenpo.
There are two types of Pennant, which is Bullish Pennants when preceded by the uptrend, and Bearish Pennants when preceded by downtrend.
The form is similar to the Pennant (Panji) consists of two lines to the right growing closer again to form triangles.
Volume should be very large when the form accompanying the Rally Flagpole, then thinned dramatically when the formation Pennants formation took place, the end of this pattern formation process, the volume of which rose abruptly and significantly assist the Breakout. As a standard rule in measuring the intensity of the volume as noted earlier, this confirmation is more important to note Bullish Bearish Pennants of the Pennants. If Breakout is happening on the line above (resistance) Bullish Pennant pattern is not support increasing the volume in question, then this gives a weak signal or less to be trusted.
If the closing price was outside the line as a validation Breakout, the target could be projected into the breakout point to the same distance as "high pole banners / tall flagpole". High flagpole vertical distance measured from the lowest point with the highest point on the previous trend, as shown in the image above.
Volume should be very large when the form accompanying the Rally Flagpole, then thinned dramatically when the formation Pennants formation took place, the end of this pattern formation process, the volume of which rose abruptly and significantly assist the Breakout. As a standard rule in measuring the intensity of the volume as noted earlier, this confirmation is more important to note Bullish Bearish Pennants of the Pennants. If Breakout is happening on the line above (resistance) Bullish Pennant pattern is not support increasing the volume in question, then this gives a weak signal or less to be trusted.
If the closing price was outside the line as a validation Breakout, the target could be projected into the breakout point to the same distance as "high pole banners / tall flagpole". High flagpole vertical distance measured from the lowest point with the highest point on the previous trend, as shown in the image above.
Chronology of the shares of Astra International Tbk (ASII) as follows:
ASII shares in early March 2009 the stock price rose very sharply ASII, strengthening the price until early April 2009, As of the end of April prices fluctuated only form Pennant Patterns (FlagPole) and tends to rest for a moment. Then enter the beginning of May rallynya prices resume and reach the target price on the first 21750-21800, price and drove the price through the first psychology at 25000, it only takes a couple of months back that the psychological price has been penetrated at 28,000.
From the beginning of July 2009 up to early October prices again rose sharply and the highest price over the last year, so the new highest price achieved in this year, from October to December prices rise and fall and is still ongoing to this day, which falls -rising prices are forming Pennant pattern that looks like the image above.
From the beginning of July 2009 up to early October prices again rose sharply and the highest price over the last year, so the new highest price achieved in this year, from October to December prices rise and fall and is still ongoing to this day, which falls -rising prices are forming Pennant pattern that looks like the image above.
Colleagues for traders who want to buy this stock is still allowed to short-term
only. for example we bought at the price and we sell 33,150 in the 33,700, because prices will be corrected again until eventually the price will breakout at 32,800 (as expected and hopefully the case) is going to happen end of January 2010 month or early February 2010 with the support volume adequate course, actual results of technical analysis projected price will reach 41,350 in the medium term.
Disclaimer! everything that comes with the decision to buy or sell is the responsibility of each individual, investors, and Trader. This analysis is only just learning.
only. for example we bought at the price and we sell 33,150 in the 33,700, because prices will be corrected again until eventually the price will breakout at 32,800 (as expected and hopefully the case) is going to happen end of January 2010 month or early February 2010 with the support volume adequate course, actual results of technical analysis projected price will reach 41,350 in the medium term.
Disclaimer! everything that comes with the decision to buy or sell is the responsibility of each individual, investors, and Trader. This analysis is only just learning.
0 komentar:
Post a Comment
Please comment to the articles on the blog all about business, investing and trading