PT. Telekomunkasi Indonesia,Tbk Trying To Break The Neckline
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Hello Guys,
Today i'm analyzing the chart of TLKM from indonesian stocks market. as you can see, here we trying again to break the 1st resistence again which now making a neckline from head & shoulder pattern. if the price can pull up in regression & hold on above neckline,no doubt it will swing up to 2nd & 3rd resistances. the 200-EMA also was below the candle now (greenline) which making a reversal trend from bearish to bullish moment.
but be carefull if the candle breaching the regression,stoploss is also your best move :)