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ACES (VCP - 21W 25/4 4T)I have my positions March 19, 2024 Reasons: 1. Low-risk entry point 2. Confirmed stage 2 uptrend 3. Has gone through a majority line of supply 4. A breakaway move, first breakout of a confirmed stage 2 uptrend 5. High relative strength 6. Volume dries up as less supply coming to the market Flaws: 1. The market is still in a hard-penny environment, not much confirmation from the momentum stocks with only 25% of total stocks above the 200-day moving average 2. The index is moving higher but there are still less stocks setting up in this market The stock breaks near the closing day and squats. I like to see if the stock can tighten up for one last contraction, resetting its pivot, before I consider adding more to my position.
IDX:ACESLong
by rifqonr
$BMRI - Is Bearish Coming?IDX:BMRI is developing a huge Falling Wedges (Weekly Chart). The Uptrend Line has been tested a few times and finally broke down on early May. The target from the Falling Wedges pattern is around 3700-3800, is it too far? We might think so. Here it is some of the interesting point to watch: 1) Current support area between 6150 - 6225 2) EMA233 Support around 4625 - 4650, it is aligned with current flat Leading Span B 3) Weekly RSI has been showing a bearish divergence, indicating a slowing upside movement, better watchout!
IDX:BMRIShort
by dhimaswppr
BBRI 22 Apr overall risk: the price already creating LL (orange) the risk is higher for me. Strong support range 4830~ 4620 bottom purple box but this is our chance to get discount price at LL / shadow MN. hoping it can reach the shoulder at minimum next month. 24Apr Earning & Revenue Buy price: -H4 fib & TL can be our buy range: 5100 -Also prepare for avg down if 24Apr report is red / under than estimate. safety buy, wait D1 closed above 5350 then buy at retrace. Target: T1 5650 T2 5900 T3 as invest no CL for me as long as the price D1 still above 4600 (+-10% SL). just play with the cap as long as your holding Avg price under 5650. Disc: SL max at your own Money management plan
IDX:BBRI
by Raiden_R
ICBP (MONTHLY) ELLIOT WAVE PREDICT : END OF ABC CORRECTION?ICBP most likely will make an impulsive movement (5 wave rally) after the big correction (ABC correction). The new 5 impulsive movement is on the way and will take ICBP to new All Time High. There is Falling Wegde Pattern too (Continuation Pattern), and the Stochastic in monthly indicate the price is already in Oversold area and start crossing + Bullish Divergence But this is Monthly Chart we are talking about so just be Patient because it will takes Months or maybe Years. But we know the Trend will became Bullish in Long game. In Short ICBP Have Trend : Bullish 5 Wave Rally Pattern : Falling Wedge Stochastic : Oversold (Already Crossing) + Bullish Divergence TARGET PRICE 12575 or HIGHER (ALL TIME HIGH) DISCLAIMER ON
IDX:ICBPLong
by Aris_Sunandar93
BNGA (VCP - 26W 9/3 4T)I have my positions February 5, 2024 Reasons: 1. Low-risk entry point 2. Confirmed stage 2 uptrend 3. Has gone through a majority line of supply 4. A very clear supply coming right across the red line where all the action happen as far as where it's been denied 5. High relative strength 6. Volume dries up as less supply coming to the market 7. A huge volume on the breakout 8. Strong fundamental standpoint. Flaws: 1. The market is still in a hard-penny environment, not much confirmation from the momentum stocks with only 25% of total stocks above the 200-day moving average 2. The index is moving higher but there are still less stocks setting up. I bought my big position last week and couldn't manage to add more today on the breakout. I like to see some follow through action from now.
IDX:BNGALong
by rifqonr