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BBRI: Rising Net Profit, Potential for a Bullish Run Ahead?Hi Realistic Traders. Here's my price action analysis on BBRI! BBRI has once again surged above its bullish trendline, maintaining its bullish trend. Additionally, the stock has shaped a bullish divergence and a descending broadening wedge pattern. These combined patterns often signal a strong likelihood of continued bullish momentum. Most notably, it has recently broken through the upper trendline, suggesting a compelling opportunity for further upside movement toward the target area. Fundamental Driver: In September 2023, BBRI reported a consolidated net profit of Rp44.21 trillion in the third quarter of 2023, marking a 12.47% increase from the same period in the previous year when it was Rp38.31 trillion. This positive development supports the projected outlook." it is essential to note that the analysis will no longer hold validity once the target/supprot area is reached. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on IDX:BBRI ." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
IDX:BBRILong
by financialfreedomgoals101
BREN - POWER PLAYI have a position today November 30, 2023 The reasons: 1. Low-risk pivot point 2. The stock offers a classic low cheat pivot in a power play 3. It skyrockets huge >500% since it went public 4. High relative strength, outperforming the general market 5. The stock is moving on its own universe, marching to its own drummer 6. Volume dries up during the pause (1-2 punch) 7. huge volume on the breakout Flaw: The market is still in a hard-penny environment with only 31% of total stocks above the 200-day MA. This is a power play on top of a power play, where velocity begets more velocity. I like to see if it can hold up and move higher from here.
IDX:BRENLong
by rifqonr
PTPS - POWER PLAYI have a position today December 14, 2023 The reasons: 1. Low-risk pivot point 2. The stock went up >100% within 8 weeks 3. It corrects only 13%, indicating big institutions are unwilling to unload their position 4. High relative strength, outperforming the general market 5. The stock is moving on its own universe, marching to its own drummer 6. Volume dries up as less supply coming to the market 7. There is decent volume on the breakout Flaws: 1. It needs to go through some overhead supply on the left side 2. The market is still in a hard-penny environment with only 29% of total stocks above the 200-day MA. This is my initial position. I want to see it set up a better pivot to add to my positions.
IDX:PTPSLong
by rifqonr
KAYU - POWER PLAYI bought my positions today November 6, 2023 The reasons: 1. Low-risk entry with a crisp low cheat pivot point 2. The stock went up >100% in less than 8 weeks 3. VCP characteristics during the pause 4. The pause has less than 25% correction 4. Volume dries up as a sign of less supply coming to the market 5. A high alpha stock with a low standard deviation 6. One of the leaders in this type of market environment The flaws: 1. Stock squats after the breakout 2. The market is still in a hard-penny environment with only 30% of total stocks above the 200-day MA. This stock is still so strong. I would like to see it calms down for couple days and develop a pivot reset to add more positions.
IDX:KAYULong
by rifqonr
AMMN - POWER PLAYI bought my positions back today October 26, 2023 The reasons: 1. Low-risk entry with a crisp pivot point 2. The stock is up >100% in less than 8 weeks 3. Corrected the least during the pause, less than 25% correction 4. Volume dries up as a sign of less supply coming to the market 5. A high alpha stock with a low standard deviation 6. One of the leaders in this market environment The flaw: 1. Squat after the breakout 2. The market is still in a hard-penny environment with only 30% of total stocks above the 200-day MA. The stock set back another pivot point after I got stopped out beforehand slightly above the breakeven. I like to see if it can hold up during this difficult market environment.
IDX:AMMNLong
by rifqonr
UDNG - PRIMARY BASEI bought my positions today November 27, 2023 The reasons: 1. Low-risk entry point 2. The stock offers the first buyable base after an IPO 3. Tight and clear pivot point (a cup with handle) 4. High relative strength stock 5. It acted strong against the general market The flaws: 1. The general market is still in hard-penny environment 2. Most individual setups I personally trade don't work out well in the past months I want to see some constructive action in the upcoming days.
IDX:UDNGLong
by rifqonr