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PMMP: Breakout With Volume Spike,Sign of Optimism in the Market?

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IDX:PMMP   PANCA MITRA MULTIPERDANA TBK
Hello Fellow Stock Global Trader/Investor!

Price Action Analysis
PMMP has broken out of the bearish channeling pattern. The breakout accompanies by the Volume Spike and Bullish Marubozu Candlestick. The MACD Indicator made a death cross, signifying a possible upside movement to the target area.

Fundamental Drives
1. Indonesia Ended the Covid Restrictive Policy on December 2022
2. Indonesia's economy advanced by 5.72% YoY in Q3 of 2022, indicating a recovery from the pre-pandemic era.
3. PMMP Target a 25% Revenue Growth By the End of 2023.

All other explanations are presented on the chart.

The roadmap will be invalid after reaching the target/support area.

"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the PMMP"
评论:
Support the channeling by smashing the Rocket Button!

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