Analisis Teknikal Saham 2

1

TRAINING Technical Analysis

12 Nov 2009

HaryajidHaryajid RamelanRamelan, CFP, CFP®®, RFC, RFC®®, CPRM, CPRM®®, RIFA, RIFA®®

TRAININGTRAININGTECHNICAL ANALISISTECHNICAL ANALISIS

Bagian Pertama1. Introduction (TA)

2. Fundamental Vs TA

3. Dasar Analisa Teknis

4. Theory Dow

5. Three Past of Market

6. Trend & penggunaannya

7. Accumulation, Distribustion & Mark-up

Bagian Kedua8. Support & Resisten & Combine9. Channel10. Bilangan Fibonacci11. Retracement12. One day trading13. Pattern ( Reversal )14. Pattern (Consolidate)


1. Cash Price2. Short Term Interest Rate3. Holding and Storage cost4. Capital Gain/Capital Loss5. Volatility Market6. Market Sentimen7. Composition Index


Beberapa Hal yang perlu diketahuiInvestor:

1. Hindari Greedy

2. Disiplin dalam berinvestasi

3. Kebijakan Investasi

4. Strategi Investasi

5. Kondisi yang mempengaruhi

6. Mengukur dan Evaluasi Kinerja


Awalnya………….TRAININGTRAINING

TECHNICAL ANALISISTECHNICAL ANALISIS

Dana Investasicukup

Rajin mencariinformasi…….

Salah mendeteksisaham….

Akibatnya…….

Bila kita mengenali diri sendiri dan musuh kita, kita tidak akan takut perang.

Bila kita mengenali diri sendiri tetapi tidakmengenali musuh kita, maka kita akan kalahdalam setiap peperangan yang kita menangkan;

dan bila kita tidak mengenal diri sendiri sertamusuh kita, maka kita tidak akan pernahmenang

SUN SZU TEORISUN SZU TEORI

INTRODUCTIONINTRODUCTION

Technical Analysis hingga kini digunakansebagian orang sebagai salah satutools didalam berinvestasi. Baik pada saham, indeks, komoditimaupun mata uang tertentu. Berbagaiinvestasi pada pasar uang dan pasarmodal tak terelakkan untuk tidakmenggunakan tools tersebut


• The Market is always right ?• Greedy & Emosi banyak berperan• Kebutuhan data ( Fund / TA )

gambler• Motive Investor




Analisa teknis merupakan satu tools yang dapat digunakan untuk melihataksi & reaksi dari suatu pasar dandapat juga untuk memprediksikankearah mana pasar akan bergerak.

HOPEFundamental

REALITYTechnical

VS

PrinsipPrinsip DasarDasar AnalisAnalis TeknisTeknis

Kinerja (expektasi) sahamIndustriKondisi Macro & Micro

Historical PricePatternIndicatorTrading System

Long TermShort Term

Introduction Technical Introduction Technical AnalysisAnalysis

• Salah satu tools investasi• Chart ( Historical Price )• Kebutuhan software

Chartist dapat mendeteksi kondisi yang telahterjadi dan tengah terjadi pada saat itu. Sehingga user dapat memprediksikan kemanaarah pergerakkan selanjutnya.

DasarDasar AnalisaAnalisa TeknisTeknis

TA adalah suatu study yang mempercayai adanyasuatu pola berulang yang terjadi dipasar, sertaadanya indikator yang dapat memberikanprediksi kearah mana pergerakkan selanjutnya.

TA sangat tidak mempercayai adanya pergerakkanrandom yang terjadi dipasar. Sebab TA lebihmempercayai adanya pola, trend maupun indicator yang terjadi dipasar, untuk dapatmengidentifikasikan harga berikutnya.

ANALOGY TRENDANALOGY TREND

Analogy Analogy PositifPositif ( Uptrend ) IPO ( Uptrend ) IPO

AnalogiAnalogi NegatifNegatif ( Downtrend ) ( Downtrend ) News/RumorsNews/Rumors

Theory DowTheory Dow

• Market action, repeat themselves, prilaku pasar

• TA tidak percaya pada Random Walk

• Life Cycle

BASIC Technical AnalysisBASIC Technical Analysis

2000 2001 2002 2003 2004 2005

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8000850090009500

1000010500110001150012000125001300013500140001450015000155001600016500Hang Seng (14,881.92, 14,897.80, 14,806.96, 14,885.65, +0.08008)

BASIC Technical Analysis

analisa teknis mengkompiling berbagaiinformasi yang ada dan tertuang pada chart

BASIC Technical AnalysisBASIC Technical Analysis

1996 1998 1999 2000 2001 2002 2003 2004 2005

10000200003000040000

x10000010000200003000040000

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Volume (0.00000)

200250300350400450500550600650700750800850900950

10001050110011501200

200250300350400450500550600650700750800850900950

10001050110011501200

UU

U U U

T TT

T

T T

UU

U T

T

U

TT U

IHSG (1,095, 1,100, 1,092, 1,100)

Starting PointStarting Point

• Komponen Chart• Historical Harga & Volume

• Type Chart Line chart

Bar Chart

Point and Figure

Candle chart

1 7August

14 22 28 4 11September

18 25 2 9October

16 30 6November

13 20 27 4D

7500760077007800790080008100820083008400850086008700880089009000910092009300940095009600970098009900TLKM (9,450.00, 9,450.00, 9,300.00, 9,350.00, -100.000)

Type ChartType ChartLine ChartLine Chart

a.

b.

926 42006

16 23 30 6 13February

20 27 6March

13 2027 3 10April

17 24 1May

15 22 29 5June

1219 26 3July

10 182

14500

15000

15500

16000

16500

17000

17500

TYPE CHARTTYPE CHARTBAR CHARTBAR CHART

Close & High

Open

Low

BAR CHARTBAR CHART

d.

c.

Type ChartType ChartPoint & Point & FigurFigur ChartChart

Point & Point & FigurFigur ChartChart

f.

e.

Type ChartType ChartPoint & Point & FigurFigur ChartChart

f.

1 7August


18 25 2 9October

16 30 6November

13 20 27 4D

8500

9000

9500

10000

10500

AALI (0.0, 10,450.00, 10,300.00, 10,300.00, -150.000)

Type ChartType ChartCandlestick ChartCandlestick Chart

Candlestick ChartCandlestick Chart

h.g.

WHICH CHART TO USE ?

Type ChartType ChartCandlestick ChartCandlestick Chart

Time ChoiceTime Choice

10h

16 23 30 6April

13 20 27 4May

11 18 25 1June

8 15 22 29 6July

13 21 27 3 10August


28 5 12October

19 26 2 9November

16 23

5000

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5000

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900010000110001200013000140001500016000170001800019000200002100022000230002400025000260002700028000290003000031000320003300034000350003600037000

900010000110001200013000140001500016000170001800019000200002100022000230002400025000260002700028000290003000031000320003300034000350003600037000ASII (30,450.00, 31,650.00, 30,100.00, 31,600.00, +1,250.00), Parabolic SAR (32,691.50)

Time ChoiceTime ChoiceDaily ChartDaily Chart

Apr May Jun Jul Aug Sep Oct Nov Dec 2009 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2010

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5000

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10000110001200013000140001500016000170001800019000200002100022000230002400025000260002700028000290003000031000320003300034000350003600037000

50006000700080009000

10000110001200013000140001500016000170001800019000200002100022000230002400025000260002700028000290003000031000320003300034000350003600037000ASII (30,450.00, 31,650.00, 30,100.00, 31,600.00, +1,250.00), Parabolic SAR (34,975.28)

Time ChoiceTime ChoiceWeekly ChartWeekly Chart

2003 2004 2005 2006 2007 2008 2009 2010

100001500020000250003000035000400004500050000

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0

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ASII (30,500.00, 31,650.00, 29,750.00, 31,600.00, +300.000), Parabolic SAR (15,808.21)

Time ChoiceTime ChoiceMonthly ChartMonthly Chart

Three Phases of MarketThree Phases of Market

• Congestion ( Titikkeseimbangan / Ekuilibrium )

• Trending (Uptrend / Downtrend)

• Random

Three Phases of MarketThree Phases of Market

Basic Principle Basic Principle –– The Dow TheoryThe Dow Theory

1. The Average Discount Everything

2. There are Three trend in the market, namely, primary trend, secondary reason & minor trends.

3.Primary Uptrends usualy have three up moves

4.Primary Downtrends ussualy have three down moves

5.To signal a bull or bear trend, the two averages must confirm each other

6.Only Closing Price are used

7. A trend remain effective untuil a reversal has been signaled by both average

Theory Dow & Theory Dow & TrendingTrending

• Primary Trend 1thn – 3thn

• Intermediate Trend 6 bln –1thn

• Short (minor) Trend 5hr – 6bln

TrendingTrending

AkumulasiAkumulasi, Mark, Mark--UpUpDistribusiDistribusi

Primary Trend

Intermediate trend Minor trend

Theory Dow & Theory Dow & Trending (Volatility)Trending (Volatility)

U P T R E N D S ID E W A Y S D O W N T R E N D

H ig h v o la t i l i ty H ig h v o la t i l i tyH ig h v o la t i l i ty

L o w v o la t i l i ty L o w v o la t i l i t yL o w v o la t i l i t y


Oct Nov Dec 2008 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2009 Feb Mar Apr May Jun Jul Aug Sep Oct Nov

50006000700080009000

10000110001200013000140001500016000170001800019000200002100022000230002400025000260002700028000290003000031000320003300034000350003600037000

50006000700080009000

10000110001200013000140001500016000170001800019000200002100022000230002400025000260002700028000290003000031000320003300034000350003600037000

^

_

`

a

b

1. PRIMARY TREND2. INTERMEDIATE TREND3. MINOR TREND

ASII (30,450.00, 31,650.00, 30,100.00, 31,600.00, +1,250.00)


BUMI Uptrend & BUMI Uptrend & DowntrendDowntrend


ary March April May June July August September October November

50001000015000200002500030000

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19000

Hang Seng Index (18,889.92, 18,989.51, 18,759.34, 18,878.42, +9.88086)


Accumulation &Accumulation &DistributionDistribution

Trend linesTrend lines

Garis trend umumnya dibentuk pada closing price

Uptrend Downtrend


May Jun Jul Aug Sep Oct Nov Dec 2004 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2005 Mar A

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x1000

Volume (14,260,000)

1500

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N

Uptrend

Downtrend

Uptrend

ISAT (5,200, 5,250, 4,950, 4,950)


AnalisaAnalisa SubyektifSubyektif

• Kemampuan user ( membaca chart )

• Bagian dari Analisa Klasik

• Masing – masing bisa berbedapenafsiran maupun tools yang digunakan.

Support & Support & ResistenResisten

• Melihat high level / Low Level.

• Menandai adanya minat beli/jual

• Closing Price ( Range tertentu )

• Historical Data semakin pjg(Valid)

Horizontal Support Horizontal Support and and ResistenResisten LineLine

2007 Nov Dec 2008 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2009 Feb Mar Apr May Jun Jul Aug Sep Oct Nov

5000

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Volume (11,219,000)

4500

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5500

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10000

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11500

12000

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13000TLKM (8,700.00, 8,700.00, 8,600.00, 8,650.00, -50.0000)

PerubahanPerubahan Support Support ––ResistenResisten –– SupportSupport

Support Support –– ResistenResistenDibentukDibentuk drdr Trend LineTrend Line

Support Support –– ResistenResisten& Trend Line& Trend Line

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006

500

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COMBINASI SUPPORT LINE & RESISTEN& TREND LINES

^

_`

a

bN

Support Support –– ResistenResisten

1996 1998 1999 2000 2001 2002 2003 2004 2005

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1000

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1150

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Resisten

Resisten

Resisten

Resisten

Resisten

Support

Support

Support

Support

Support

Support

R

IHSG (1,148, 1,160, 1,146, 1,158)

ContohContoh Support Support ––ResistenResisten & Channel& Channel

KombinasiKombinasiSupSup--ResRes dengandengan ChannelChannel

Channel LinesChannel Lines

Adanya trend dari saham yang tengah bergerak naik ataupunturun, bisa dijadikan level support dan resisten. Trend demikian biasa dikenaldengar Channel Line

Bentuk channel sering terjadi, dan dimanfaatkanoleh user untuk trading jangka pendek



Channel LineChannel LinePadaPada SahamSaham PGASPGAS

Apr May Jun Jul Aug Sep Oct Nov Dec 2006 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

3000

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6000

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10000

11000120001300014000PGAS (11,000.00, 11,150.00, 10,950.00, 10,950.00, -50.0000)

Reversal TrendReversal Trend

Pola reversal dapatdiidentifikasikan

dengan garis trend (naik/turun), baik

jk pendek, menengah /

panjang dan dapatdilihat dari garismoving averages.

Reversal TrendReversal TrendPadaPada NikkeiNikkei

September November December 2006 February March April May June July A

12500

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14500

15000

15500

16000

16500

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17500

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18500

^ _


August September October November December2003 February March April May

14001450150015501600165017001750180018501900195020002050210021502200225023002350240024502500255026002650

[SELL

NREVERSAL or CONTINUEBBCA (2,525, 2,550, 2,500, 2,525)


Reversal TrendReversal TrendSupSup--ResRes, Trend, MA, Trend, MA

Support

Resisten

ANALISA DGN ANALISA DGN PIVOT POINTPIVOT POINT

Analisa ini digunakan untuk trading jangka pendek dandibantu support & resisten harian yang diformulasikan.

•Pivot point memiliki dua buah support dan dua buah resisten•Pivot point digunakan sebagian besar untuk jangka pendek.•Pivot point mampu melihat kadar penguatan atau penurunandengan bantuan kedua support dan resisten.•Pivot point dapat dikombinasikan dengan penggunaan MA.•Mengkombinasikan pivot point dengan volume dianjurkan.

Beberapa hal yang perlu diketahui dari pivot point

Resisten 2

Resisten 1

Support 2

Support 1

Pivot Point

Formula pada pivot point adalah

1. Pivot Point = (H1+L1+C1)/3 Resisten :

2. R1= ( 2xP ) – L1 3. R2= P + ( H1 – L1 )

Support

• S1 = ( 2 x P ) – H1 • S2 = P – (H1 – L1)

P = Pivot pointH1 = high previusL1 = Low PreviusC1 = Close Previus

Dimana :


3100

3200

3300

3400

3500

3600

1 2 3 4 5 6 7 8

Pivot pointS IS IIR 1R 2


Date Open High Low Close Pivot point S I S II R 1 R 2

3/4/2003 3575 3575 3475 3475 3/5/2003 3450 3475 3375 3400 3,508.3 3,441.7 3,408.3 3,541.7 3,608.3 3/6/2003 3400 3425 3375 3425 3,416.7 3,358.3 3,316.7 3,458.3 3,516.7 3/7/2003 3400 3425 3350 3375 3,408.3 3,391.7 3,358.3 3,441.7 3,458.3

3/10/2003 3375 3375 3250 3250 3,383.3 3,341.7 3,308.3 3,416.7 3,458.3 3/11/2003 3225 3225 3150 3225 3,291.7 3,208.3 3,166.7 3,333.3 3,416.7 3/12/2003 3250 3425 3250 3400 3,200.0 3,175.0 3,125.0 3,250.0 3,275.0 3/13/2003 3400 3400 3275 3325 3,358.3 3,291.7 3,183.3 3,466.7 3,533.3

DATA PADA PIVOT POINTDATA PADA PIVOT POINT


2700

3700

4700

3/4/

2003

3/18

/200

3

4/1/

2003

4/15

/200

3

4/29

/200

3

C losePivot pointS IS IIR 1R 2


Fibonacci Fibonacci

Seperti : 1 + 2 = 3 2 + 3 = 5 3 + 5 = 85 + 8 =138 + 13=21, Sehingga kalau dilihat : 1,2,3,5,8,13,21,34,55,…dst

Fibonacci merupakan angka unik dan dalamTA dijadikan landasan untuk melihat titikbalik, seperti Fibonacci Retracement & Fibonaci Fan Lines

Formula Fibonaci ini banyakdipergunakan dalam

perhitungan TA sepertiFibonacci Retracement dan

Elliot Wave

RetracementRetracement LevelLevel

Retracement Level adalah

Metode atau tools yang dapatmengindikasikan titik balikpada suatu saham pada trend naik / turun

BASIC Technical BASIC Technical AnalysisAnalysis

•Fibonacci Fan Lines•Fibonacci Retracement•Speed Resisten Line.

Ada 3 bentuk retracement

Fibonacci Fan LinesFibonacci Fan Lines

50 %38 %

62 %

rch April May June July August September November 2009 February March April May June July August September Novemb

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FIBONACCI FAN LINES PADA UNTR

UNTR (15,100.00, 15,750.00, 14,900.00, 15,700.00, +700.000)

Fibonacci Fibonacci RetracementRetracement

arch April May June July August September November 2009 FebruaryMarch April May June July August September Novem

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Volume (5,376,000)

50006000700080009000

10000110001200013000140001500016000170001800019000200002100022000230002400025000260002700028000290003000031000320003300034000350003600037000

50006000700080009000

10000110001200013000140001500016000170001800019000200002100022000230002400025000260002700028000290003000031000320003300034000350003600037000

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

161.8%

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

161.8%

0.0%23.6%38.2%50.0%61.8%

100.0%

161.8%

261.8%

423.6%

FIBONACCI RETRACEMENT

ASII (30,450.00, 31,650.00, 30,100.00, 31,600.00, +1,250.00)

Fibonacci Fibonacci RetracementRetracement

Speed Speed ResistenResisten LineLine

2/3

1/3

arch April May June July August September November 2009 FebruaryMarch April May June July August September Novem

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Volume (5,376,000)

50006000700080009000

10000110001200013000140001500016000170001800019000200002100022000230002400025000260002700028000290003000031000320003300034000350003600037000

50006000700080009000

10000110001200013000140001500016000170001800019000200002100022000230002400025000260002700028000290003000031000320003300034000350003600037000

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

161.8%

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

161.8%

0.0%23.6%38.2%50.0%61.8%

100.0%

161.8%

261.8%

423.6%

FIBONACCI RETRACEMENT

ASII (30,450.00, 31,650.00, 30,100.00, 31,600.00, +1,250.00)

Trading PatternTrading Pattern

1. Gapping / Windows 2. Candlestick chart

CHART PATTERNCHART PATTERN

One Day Trading Pattern One Day Trading Pattern ( Gapping )( Gapping )

13 21 27 3August


14 28 5October

12 19 26 2November

9 16 23

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^_

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ab

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f

BUMI (2,350.00, 2,375.00, 2,225.00, 2,300.00, -25.0000)


27 3August

10 18 24 31September

7 14 28 5October

12 19 26 2November

9

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COMMON GAP

COMMON GAP

MEDC (2,675.00, 2,700.00, 2,575.00, 2,625.00, -75.0000)

March6 13 20 27 3

April11 17 24 1

May8 15 22

4000

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UNTR (5,200.00, 5,350.00, 5,100.00, 5,250.00, +0.0)



Ada 4 jenis gap :

• Common Gap

• Breakaway Gap

• Continuation Gap

• Exhaustion Gap

Pengertian dari gap sendiriadalah, adanya perubahanharga pembukaan dalamperiode tertentu dengan

harga penutupan pada hariberikutnya.


Common GapCommon Gap

27 3August

10 18 24 31September

7 14 28 5October

12 19 26 2November

9

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COMMON GAP

COMMON GAP

MEDC (2,675.00, 2,700.00, 2,575.00, 2,625.00, -75.0000)

March6 13 20 27 3

April11 17 24 1

May8 15 22

4000

4500

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UNTR (5,200.00, 5,350.00, 5,100.00, 5,250.00, +0.0)

Common GapCommon Gap

Breakaway &Breakaway &Continuation GapContinuation Gap

23 30 7October

14 21 28 4November

11 18 25 2 16December

23 22003

6500

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Continuation Gap

breakaway gapISAT (8,900, 8,950, 8,800, 8,900)

Bearish Breakaway gap

Exhaustion GapExhaustion Gap

ctober November December 2003 February March April May850

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1800Exhaustion GapAALI (1,575, 1,575, 1,525, 1,550)

Exhaustion GapExhaustion Gap

Day Trading Day Trading (Candle)(Candle)



Doji Star Pattern


Reversal Reversal PatternPattern

• Head and Shoulder

• Inverted Head and Shoulder

• Triple Tops and Triple Bottoms

• Double Tops / Double Bottoms

• Source or Rounding Bottoms / Tops

• V Formation / Spikes

Continuation Continuation PatternPattern

• Triangle

• Flag and Pennant

• Wedges

• Rectangle Formation

Reversal PatternReversal PatternHead and ShoulderHead and Shoulder

LS

h

rS

LS

h

rS


4ay

11 18 25 1June

8 15 22 29July

6 13 21 27 3 10August

18 24 31 7September

14 28 5October

12 19 26 2 9November

16 23

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Volume (16,841,500)

5500

6000

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7000

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8500

BBRI (7,450.00, 7,500.00, 7,250.00, 7,450.00, +0.0)

mber 2007 February March April May June July August September October Nove

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HEAD & SHOULDERPADA SAHAM TLKM

U

U

U

TLKM (11,900.00, 12,050.00, 11,550.00, 11,550.00, -350.000)


ber October November December 2006 February March April May June July Au

10000

20000

30000

x100000

10000101001020010300104001050010600107001080010900110001110011200113001140011500116001170011800Indeks Dow Jones (10,937.94, 10,995.73, 10,778.58, 10,868.38, -59.7197)




001 M A M J J A S O N D 2002 M A M J J A S O N D 2003 M A M J J

5000

10000

x10000

5000

10000

x10000

Volume (28,929,500)

2000

2500

3000

3500

4000

4500

5000

2000

2500

3000

3500

4000

4500

5000HMSP (3,475, 3,775, 3,475, 3,550)



Triple tops & BottomsTriple tops & Bottoms

Triple Tops & BottomsTriple Tops & Bottoms

Triple Tops & BottomsTriple Tops & Bottoms

Double BottomsDouble Bottoms


15 22 29July

6 13 21 27 3August


14 28 5October


16 232500

2550

2600

2650

2700

2750

2800

2850

2900

2950

3000

3050

3100

3150

3200

3250

3300

3350

3400

3450

3500

3550

DOUBLE TOPS

^ _

MEDC (2,675.00, 2,700.00, 2,575.00, 2,625.00, -75.0000)


Double Tops & BottomsDouble Tops & Bottoms

Rounding BottomsRounding Bottoms


2008 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2009 Feb Mar Apr May Jun Jul Aug Sep Oct Nov

5000

10000

15000

20000

25000

30000

x10000

400

450

500

550

600

650

700

750

800

850

900

950

1000

1050

ROUNDING TOP PADA PNBN

PNBN (770.000, 770.000, 770.000, 770.000, +0.00)


ary April May June July August September November December2006

13200133001340013500136001370013800139001400014100142001430014400145001460014700148001490015000151001520015300154001550015600157001580015900

13200133001340013500136001370013800139001400014100142001430014400145001460014700148001490015000151001520015300154001550015600157001580015900Hang Seng (15,672.39, 15,792.36, 15,670.77, 15,787.97, +68.5996)

Spikes Top / BottomsSpikes Top / Bottoms

Spikes Top / BottomsSpikes Top / Bottoms

Jun Jul Aug Sep Oct Nov Dec 2006 Feb Mar Apr May Jun Jul Aug Sep Oct Nov D

8000

8500

9000

9500

10000

10500

11000

11500

12000

12500

13000

13500

14000145001500015500

SPIKES PATTERN

ASII (14,700.00, 14,900.00, 14,650.00, 14,700.00, +0.0)

TriangleTriangle

Ascending TriangleAscending Triangle Descending TriangleDescending Triangle

Triangle PatternTriangle Pattern

Jun Jul Aug Sep Oct NovDec2006Feb Mar Apr MayJun Jul AugSep OctNov

8000

8500

9000

9500

0000

0500

1000

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2000

2500

3000

3500

4000450050005500

SYMETRICAL TRIANGLE

ASII (14,700.00, 14,900.00, 14,650.00, 14,700.00, +0.0)


0 18 24 31September

7 14 28 5October

12 19 26 2November

9 16 235000

10000150002000025000300003500040000450005000055000

x100

19500

20000

20500

21000

21500

22000

22500

23000

23500

24000

24500

TARGET DARI ASCENDING TRIANGLE

AALI (22,000.00, 22,350.00, 21,850.00, 22,200.00, +350.000)


4ay

11 18 25 1June

8 15 22 29July

6 13 21 27 3 10August

18 24 31 7September

14 28 5October


16 23

10000

20000

30000

40000

50000

x10000

Volume (21,785,000)950

1000

1050

1100

1150

1200

1250

1300

1350

1400

1450

1500

1550

1600

1650

SYMETRICAL TRIANGLE PADA ADRO

ADRO (1,550.00, 1,560.00, 1,530.00, 1,540.00, +0.00)


4ay

11 18 25 1June

8 15 22 29July

6 13 21 27 3 10August

18 24 31 7September

14 28 5October


16 23

10000

20000

30000

40000

50000

x10000

Volume (21,785,000)950

1000

1050

1100

1150

1200

1250

1300

1350

1400

1450

1500

1550

1600

1650

DESCENDING TRIANGLE PADA ADRO

ADRO (1,550.00, 1,560.00, 1,530.00, 1,540.00, +0.00)

Descending Descending TriangleTriangle

Descending TriangleDescending Triangle

Descending TriangleDescending Triangle



Flag PatternFlag Pattern




WedgesWedges

Rising WedgesRising Wedges


WedgesWedges

WedgesWedges


WedgesWedges

August September October November December2003 February March April May2300240025002600270028002900300031003200330034003500360037003800390040004100420043004400450046004700

2300240025002600270028002900300031003200330034003500360037003800390040004100420043004400450046004700TLKM (4,325, 4,350, 4,250, 4,300)

WedgesWedges

October November December 2003 February March April May

14001450150015501600165017001750180018501900195020002050210021502200225023002350240024502500255026002650BBCA (2,525, 2,550, 2,500, 2,525)

WedgesWedges

Rectangle FormationRectangle Formation

Volume AnalysisVolume Analysis

Price Volume Market Action Up Up Bullish Buy Up Down Bearish Sell Down Up Bearish Sell Down Down Bullish Buy

28 4February

11 18 25 4March

11 18 25 1April

8 15

5000

10000

15000

20000

x1000

Volume (12,332,500)

3700

3800390040004100

42004300440045004600470048004900

HMSP (4,450, 4,575, 4,400, 4,525)

Volume AnalysisVolume Analysis

PSIKOLOGIS LEVELPSIKOLOGIS LEVEL

Economy & Finance

Analisis Teknikal Saham 2