EMAS

Markup (D)

Merdeka Gold Resources Tbk.

Rp 6.550
-4.03% (-275)
Buy Confidence: 67%
EMAS.JK

Consider buying. 3 bullish signals support entry. Wait for pullback to support for better entry.

Entry Range

6.419 - 6.681

Target Price

7.729

+18.0%

Stop Loss

6.026

-8.0%

Risk/Reward Ratio 2.25 : 1

Analysis Factors

+ Wyckoff Phase
Markup Phase - Active uptrend, momentum in favor
+ RSI Momentum
RSI 59 - Strong momentum
- Foreign Flow
Net foreign selling -10.0M shares
+ Risk/Reward
R:R 2.3:1 - Favorable setup
Target Price
Rp 7.729
+18.0% potential
Cut Loss
Rp 6.026
-8.0% risk
Wyckoff Strength
85%
Signal confidence
Support / Resistance
6.100 / 6.800
Key levels

Analysis

Price in uptrend above moving averages. MA20 above MA50. Higher lows forming. Volume increasing on up moves. MACD bullish. RSI not yet overbought, room to run.

Price Chart

Markup Phase
Support: 6.100
Resistance: 6.800
Target: 7.729
Cut Loss: 6.026

Technical Indicators

RSI (14) Neutral
59,4
30 50 70
MFI (14) Neutral
54,2
20 50 80
MACD Bullish
Line: 490,12
Signal: 445,32
Histogram: 44,80
Moving Averages
MA20: 6.018
MA50: 5.052
MA200: N/A
Volume Ratio Normal
1,11x
vs 20-day average

Foreign Flow

Foreign Buy
404.13M
Foreign Sell
356.58M
Net Flow
+47.55M
Daily net foreign flow (Buy - Sell in shares)

Wyckoff analysis for Indonesian stocks. Data from Yahoo Finance.