Want to know the current price of Kmi Wire And Cable Tbk and what’s next for KBLI stock? On this page, we share the latest news about Kmi Wire And Cable Tbk and give tips on buying shares. You can also view the latest Kmi Wire And Cable Tbk Forecast for 2022 and 2023 from our experts.
Should You Buy or Sell Kmi Wire And Cable Tbk Shares Today? To what levels can the shares of this company rise in a year, two, three? How much will Kmi Wire And Cable Tbk be worth in 2021, 2022, 2023?
We have been making currency rate forecasts for a long time, and we can also predict the behavior of the stock market using technical analysis and simple indicators.
We also take into account the technical, fundamental analysis of stocks, the news background, the general geopolitical situation in the world and other, smaller factors. The stock forecasts indicate target levels for KBLI shares, both up and down.
Kmi Wire And Cable Tbk Forecast for 2022 and 2023
Kmi Wire And Cable Tbk quotes continue to move as part of the correction and the formation of the “Triangle” model. The moving averages point to a short-term bearish trend in KBLI shares. Prices are testing the area between the signal lines, which indicates pressure from sellers of securities and a likely continuation of the fall in the near future. At the time of publication of the forecast, the share price of Kmi Wire And Cable Tbk is 312 per share. As part of the forecast, we should expect an attempt to reduce and test the support level near the area of 265. Further, the price will bounce up and continue to rise in the value of securities. The potential target of such a movement in shares is the area above the level of 700 already in 2021, 2022, 2023.
An additional signal in favor of the growth of Kmi Wire And Cable Tbk quotes will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the Triangle pattern. Cancellation of the option to raise the price of KBLI shares will be a fall and a breakdown of the level of 200. This will indicate a breakdown of the lower boundary of the channel, in this case, we can consider the continuation of the decline in securities to the area at the level of 105. It is worth waiting for confirmation of the rise in shares with a breakdown of the resistance area and closing above the level 405, which will indicate the breakdown of the upper border of the “Triangle” model and the beginning of the development of this pattern.
Kmi Wire And Cable Tbk Forecast for 2022 and 2023 suggests an attempt to develop a decline and test the support area near the level of 265. Where should we expect a rebound and an attempt to continue the rise of shares to the area above the level of 700. A test of the trend line will come out in favor of the growth of securities on the relative strength indicator. Cancellation of the KBLI rise option will be a fall and a breakdown of the level of 200. This will indicate a breakdown of the lower boundary of the bullish channel and a continuation of the fall in value to the area below the level of 105.
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