Market MonitoringThis is my market monitoring
The charts consist of multiple liquid stocks (big caps as well as medium cap stocks) that give hints about sectoral market of Composite
LOPI - PRIMARY BASEI bought my positions today
October 26, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. Tight pivot level/line of the least resistance
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
The stock closes good with a decent volume on the breakout. I want to see some constructive action in the upcoming days.
ACES (VCP - 12W 18/3 3T)I bought my positions today
October 12, 2023
The reasons:
1. Low-risk entry point
2. Prior strong upside move
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. The stock explodes 83% while the market only goes up 2%
7. Volume dries up as less supply coming to the market
8. Huge volume on the breakout
Flaw:
The market is still in a hard-penny environment with only 35% of total stocks above the 200-day MA.
I like to see the stock holds up and follow through.
BBRI Downtrend is ImminentBBRI have weekly trendline support from Sept 2020 and if trendline breakout it will continue to BBRI downside
Nearest support is 4.6k and 4.3k
BMRI (VCP - 32W 19/3 4T)I bought my positions today
July 20, 2023
The reasons:
1. Low-risk pivot entry
2. A quintessential long-base VCP
3. The stock is at its all-time high with a six months base
4. It is in a confirmed stage 2 uptrend
5. It developed a crisp setup during the market correction
6. It has a high relative strength line
Flaw:
The general market is still declining
I'm expecting some positive actions in the upcoming days
Petrosea, week#43What a week!
As long as it's price close above IDR3510,
Petrosea can break IDR3950, potentially
ADRO is on the gominor correction on previous resistance which become support.
considering the global energy consumption which is increase and rumors regarding political matters of the holding person of ADRO, it might be the right time for taking long position.
SMIL Buy on Supportcurrent price action show rejection from support. Altough it still need confirmation for reversal, considering it is strong support, hence there will be low risk for taking long position for maximum advantages
break bearish trendlinePTRO with increasing volume was breaking bearish trendline, ready for long position.
SGER - POWER PLAYI bought my positions today
October 12, 2023
The reasons:
1. Low-risk entry
2. The stock went up >300% in less than 8 weeks
3. A fractal of small cup with handle 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. Strong close with huge volume on the breakout
6. A high alpha stock with a low standard deviation
7. One of the leaders in this market environment
8. Theme: Power Play setups work fine thus far
The flaw:
The market is still in a hard-penny environment with only 35% of total stocks above the 200-day MA.
This stock is so strong, a Power Play on top of a Power Play. I like to see some follow-throughs in the upcoming days.
BDKR (VCP - 6W 15/5 3T)I bought my positions today
October 1, 2023
The reasons:
1. Low-risk entry point
2. Prior strong upside move
3. Very clear and crisp pivot point
4. One of the leaders in the current market
5. Stock explodes >100% while the market only goes up 6%
6. High relative strength
Flaw:
1. Hard-penny environment
2. Bad close, stock squats after the breakout
I like to see the stock holds up well and perhaps pivot resets.
AMMN - POWER PLAYI bought my positions today
September 29, 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. Good close and decent volume on the breakout
6. A high alpha stock with a low standard deviation
7. One of the leaders in this market environment
The flaw:
The market is still in a hard-penny environment with only 36% of total stocks above the 200-day MA.
This is a Velocity Play of a current IPO stock. I expect to see some positive price action in the upcoming days.
PANI - POWER PLAYI bought my positions today
September 25, 2023
The reasons:
1. Low-risk entry 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. High alpha stock with a low standard deviation
6. Good close on the breakout
The flaw:
The market is still in a hard-penny environment with only 36.7% of total stocks above the 200-day MA.
I'm still trading small with a pilot position until I see some trades work out fine.
