IDX: AALI - may-2021

AALI

Astra Family in the CPO Industry


Yesterday's (04-May-2021) confirmed the reversal for the shorter downtrend line, when the candle breakout the trend line, we can use the Fibonacci Retracement to predict the target of the price by following its retracement.


I predict that the reversal of this stock is quite strong to reach the 0.500 retracements at 10450 because the commodity itself is supporting the reversal.


The price then will retrace to 0.382 retracements at 10125 before continuing the minor uptrend momentum and will aim to reach the 10775 as the final target from the smaller retracement.