PENTA VALENT TBK

Long

PEVE - VCP

By The_small_money

Updated

PEVE - VCP
13-09-2024

1. Low risk entry point
2. Cheat buy on pivot point
3. Volume dries up
4. Price above MA 50 and 200
5. VCP characteristic

Trade active

Bought this stock today
13-09-2024

Price jump up when breaking out

Note

The stock still not going anywhere, but that’s fine the stock not make a new low at PER 1.75x

Note

Edit: The PER was 11.76x

Note

The stock is resetting the pivot point. Still no confirmation for stage 2 uptrend since cheat buy on 1st pivot point

Trade closed: stop reached

Stopped out at 8.06% loss today.

Still my watch list, i think this stock need more confirmation

The_small_money

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