Pembangunan Pemerintah, week#27PTPP poised to escape major bearish trend
IDR 650 is it's weekly target
MBMA - PRIMARY BASE I bought my positions today
June 15, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. It has a very tight pivot level/line of the least resistance
4. High relative strength stock
5. Entry point at low cheat level
6. I got an 80% win rate on a primary base setup
7. Reference case: Google's IPO
Target on 795Price above MA200, SAR Parabolic started. Volume is above average.
This not in day but may take few day. Disclaimer this is for study purposes.
Pembangunan Pemerintah, week#26Distributing mode, if it breaks IDR580
Hopefuly it always above IDR600
Adaro Energy, week#26It seems like investors slowly adding some share of it, but it was not good enough.
If it close above IDR2360 incoming week, it is a good sign
BTPS A+ SETUP TEST IDEAnot shown in this image is the weekly time frame which current candle (June 16th 2023) has raided previous weekly low and stay above the support.
In the daily chart we can see a green candle is traded above previous low candle (June 13th 2023), that suggest there is a possibility to trade higher.
Zoom into hourly chart, it is clearly a setup that starts with a down candle that swipe below previous low time frame support that was overwhelmed by a big green candle upwards leaving behind the FVG (blue box)
TRADE ENTRY
1. the HIGH to OPEN of a green candle (breaker candle) before the down candle which I have noted with an arrow sign conflens with fibo discount
2. Target would be daily Void Above (the green zone/box) in the first picture
GTRA - PRIMARY BASEI bought my positions today
June 19, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. It has a very tight pivot level/line of the least resistance
4. High relative strength stock
5. Entry point at cheat area
The flaws:
1. The general market is still in correction
2. Lack of volume on the breakout today
The stock squats at the closing. However, I want to see some constructive action in the days to come.
Target 730-735Using SAR indicator after dividen distribution and down for a week, market maker will keep the price in average price.
Undervalued Stock with growthPE Ratio (TTM) 2.78
Price to Book Value 0.89
Current EPS (TTM)278.59
Net Income (Quarter YoY Growth) 95.14%
Mitra Pinasthika, week#25It has a potential to break IDR960.
But if it breaks IDR1065, we'll add some of its share
PT. Pembangunan Pemerintah, week#25If it breaks IDR600, next target will be IDR625
If it breaks IDR560, no need to add some
Interesting for Short termThe Big Money called Lord A. Salim is rumored to buy the stock
One of his man is sitting in top management position
Risk and Reward Ratio : 4/1
TP 67
SL 52
PBV 0.28
ERAA Buy on Weakness.ERA now on its way of intermediate wave (3) --
buy on weakness on correction wave (2) minor as a construction of wave
Stock recommendation of ERAA,
buy on weakness in range 474 to 480 - it is fibo range of 0.6 - 0.5
this bullish scenario will fail when price breakdown of 450.
SMGR bearish BAT pattern. inline with ABC wave posted earlierSMGR on the way forming the bearish BAT pattern, happens to be inline with completing ABC wave posted earlier. (see earlier post)
Not harmonic or wave expert. Just sharing my personal ideas.
Hope it works out well.
BTPS FORECASTInverted Cup and handle. Massive net foreign Sell. High volume when breakdown strong support.
ARTO: A Broken Downtrend!!!Finally, the minor downtrend IDX:ARTO has been broken.
By using Fibonacci Retracements, I set the target price cluster ranged from 3080 to 3470, then I picked 3280 as a base level to calculate its upside. It can give us 28% upside from current price 2540, that's premium!!
Let's think positive, and buy & hold!
EMTK: A Big Chance to Break Its DowntrendIDX:EMTK have a chance to break its minor downtrend if close above 710.
Let's find a decent target price above level 710, by using Fibonacci Retracements I found the target price cluster, ranged from 805 to 855, and I choose 830 as a base level to calculate % upside, it shows 34% as the potential upside from current price 620.
Don't think too much, a buy alarm soon will ring loudly!
-AJ-
BRPT Stock Movement ForecastHopefully forming Cup and handle or inverted head and shoulder in a bigger view. Volume and flow is quite good. Broker summary shows some serious accumulation from foreign.
I set my long position on 740 - 750 range which was super strong support area (unfortunately already breakdown). I see some counter buying in price range 720 - 730.
Typically slow movement stock, hope my long position in this stock won't let me down.
TLKM Stock Movement ForecastVolume is good. Chart rebound on Fibonacci golden area (0,68 - 0,50) which is also area of very strong horizontal support. Broker summary seems average. Hopefully forming cup and handle pattern.
