Beginner Analysis - FAJAR - box accumulationFajar just break 2 year Resistance at 0.49 and nicely make box accumulation (thats my term..haha). if bursa go uptrend..high probability to go higher.
tp1: 0.555
tp2: 0.610
CL: if break box.
can study recent same pattern on ORNA & TDM.
Fajar
FAJAR (20/11/2020) on strong upside biasFAJAR is riding uptrend channel since its lowest dip during start of MCO back in March-2020.
It is currently set to test resistance zone (0.45-0.46). Since its already on the impulse wave for quite a while, it could probably retrace to 32.8% @ 0.425 before continuing the upward momentum.
However, should it breakout the resistance 0.46, it could test next resistance at 0.495, 0.520 and 0.550.
We hope to see more volumes to push the stock price up higher. Banker chip is slowly increasing.
The stock has quite small balance float (46% of 373M shares) but still a bit higher than its closest competitor HOHUP (38% of 412M shares). This adds a bit of friction to its price movement.
TAYOR
