BRIS Elliott Wave CountAnother hot stock. Sharia bank. Foreign institutions love this stock.
I wouldn't enter now. Wait for the fourth wave to develop.
ADMRThere is Bearish divergence in timeframe 1H with downside target around 1400-1390. Broker summary show some serious accumulation in price around 1350 - 1400. I will start buying ADMR from 1390 - 1350 and set stop loss if the price hits 1290.
INDY Elliott Wave CountIs INDY set to make a Head and Shoulders pattern by making and upside correction?
The chart tells me so. We are at a demand zone from 2021 as you can see from those choppy candles. I believe theres little risk if we enter now.
PTBA Elliott Wave Count Scenario 2In this scenario, we are also on the (b) wave of the (X) wave. I expect PTBA to drop again for a bit.
The 200-day MA could offer a strong resistance for the (c) wave. It could poke through, but I think its gonna continue to the downside afterwards.
PTBA Elliott Wave Count Scenario 1I believe we are in the B wave of the latest ABC correction to the upside. I'll post my other slightly different scenario than this one.
Please do share your ideas if you count any different from what I did. Thanks
TSPC - CUP WITH HANDLEI bought my positions today
January 8, 2024
Reasons:
1. Low-risk entry point
2. Confirmed stage 2 uptrend
3. A long base cup and handle formation
4. One inside day pause in the handle area
5. The base has VCP characteristics
6. High relative strength
6. Volume dries up as less supply coming to the market
7. Huge volume on the breakout
Flaws:
1. The market is still in a hard-penny environment with only 31% of total stocks above the 200-day MA
2. The index is moving higher but there are still less stocks setting up.
I like to see some follow through action from now.
EMTK BUYsupertrend 4H buy, MACD DEMA menuju golden crossing, Market cap 28 should be difficult to manipulate
BBNI (VCP - 12W 12/2 3T)I bought my positions today
January 4, 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, the first breakout after the stock in a confirmed stage 2 uptrend
5. High relative strength
6. Volume dries up as less supply coming to the market
7. Huge volume on the breakout
Flaws:
1. The market is still in a hard-penny environment with only 32% of total stocks above the 200-day MA
2. The index is moving higher but there are still less stocks setting up.
This is a textbook VCP setup breaking out. I like to see some follow through action from now.
BREN, super highrisk tradingIDX:BREN bounce up ? until MSCI ?
many question marks ahead.
Trend : Bearish, Sideways
GTRA - FLAT BASEI bought my positions today
January 15, 2024
Reasons:
1. Low-risk entry point
2. Confirmed stage 2 uptrend
3. Develops a mini cup and handle with VCP characteristics
4. Dried-up volume, indicating all the selling has been exhausted
5. Huge volume on breakout
6. High relative strength stock
7. More stocks are setting up and breaking out
Flaws:
The market is still in a hard-penny environment with only 31% of total stocks above the 200-day MA
AMMN - CHEAT I bought my positions today
January 15, 2024
Reasons:
1. Low-risk entry point
2. Confirmed stage 2 uptrend
3. Coming from a cheat area with a pause pivot
4. Dried-up volume, indicating all the selling has been exhausted
5. The stock is up 380% since the IPO, very strong leader
6. More stocks are setting up and breaking out
Flaws:
The market is still in a hard-penny environment with only 31% of total stocks above the 200-day MA
I like to see more constructive price actions and perhaps build the handle at around 8250 area.
BREN still a mysteryBREN, make a weird pattern there.
is it time for BREN to have a good correction. maybe, or maybe not
BMRI potential reaching All Time High SoonBMRI is testing neckline at 6025 and failed to breakout.
However, I am very positive that BMRI will breakout 6025 and soon 6150 very soon to reach all time high.
As one of the 4 big banks in Indonesia, the strategy for BMRI is only buy buy and buy
BMRI on track to complete GartleyBMRI finally broke out from its sideways range and on track to complete the Gartley pattern.
BMRI is one of the 4 big banks in Indonesia and the strategy is only LONG !
PJAA (VCP - 24W 20/4 3T)I bought my positions today
January 8, 2024
Reasons:
1. Low-risk entry point
2. Confirmed stage 2 uptrend
3. Has gone through a majority line of supply
4. Dried-up volume, indicating all the selling has been exhausted
5. Huge volume on the breakout
6. Strong fundamental basis with triple digit percentage earnings
Flaws:
1. The market is still in a hard-penny environment with only 31% of total stocks above the 200-day MA
2. The index is moving higher but there are still less stocks setting up.
I like to see some follow through action in the upcoming days
BMRI AnalyseCurrently, the movement of Bank Mandiri (BMRI) shares is experiencing sideways and forming an Ascending Triangle Pattern in the range 5950-6100.
If BMRI manages to close above 6200 it will go to 6500-6600
