MAJOR TOP FORMATION WITH BEARISH MACD SEEN IN BUMI

Bumi Resources tumbled by 24% within 3 days to hit a low of Rp2150 seen on last Thursday!
Knowing what financial news that caused the plunge in Bumi Resources is not essential. It is because before the plunge, the chart of Bumi Resources is showing a major top formation in the making called a “Head & Shoulders”.  Chart formations have predictive value and when combined with an indicator like the MACD, it will enable you to exit a stock before it starts to reverse its trend.  Knowing how to formulate such trading strategy will give us an earlier clue what is going to happen next before the release of financial news.

"Pola chart BUMI masih menunjukan bearish bila di lihat dari indikator MACD,dimana sebelumnya di dahului dengan bentuk head dan shoulder".

Sumber: chartnexus.

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