GOTOThis analysis is using Fan principle & Fibonacci to conclude about the support
The trend line has been penetrated 3 times, meaning there is confirmation of new trend from uptrend to downtrend.
Using fibonacci we can measure the support is on 104 (0.618 line)
Buy: 100-104
Sell: 110-120
Stop loss: 5% from buy price
BDKR - PRIMARY BASEI bought my positions today
May 25, 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. It has VCP characteristics
6. I got an 80% win rate on a primary base setup
Flaw:
1. The market is still in a correction
2. Lack of setup in the market
I had a pilot position on May 23, 2023. Today, I added it into a full position.
Mitra Pinasthika Mustika Tbk., Week#28On its way down to break IDR1045
But if it don't break,
IDR1095 become a rasional target
SMIL - 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. Tight pivot level/line of the least resistance
4. High relative strength stock
5. Entry point at low cheat area
The flaws:
1. The general market is still in correction
2. There is still a huge overhead supply on the left side
The stock closes good and strong on the breakout. I want to see some constructive action in the upcoming days.
BNGAStill channeling up with level of support on 1590 and resistance on 1635
if today's closing price is under the open price, there is possibility for three black crows pattern to be confirmed. Next support level is on 1560.
catalyst: Q2 report will be released this month (expected higher than last year and last quarter)
notes: if we look the history price back then on 2011, There are resistance on 1675 and 1830 that haven't been touched for a while.
TRON - PRIMARY BASEI 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
Simple review about IDX:BIRD IDX:BIRD is chasing harmonic resistance fibo 2.618 at 2,510.
The price above dynamic support EMA 21 which is a good sign or bullish trend.
Buy at 2,300
TP1 2,510
TP2 2,980
SL1,940
Risk:Reward: 0,6 (TP1), 1,9 (TP2)
#DisclaimerOn #Do_Your_Own_Research
BBNIShowing a small double top pattern with possibility break down to 8800 if the neckline is penetrated on 9025
Mitra Pinasthika, week#27It's a long way to get above the cloud,
But Mitra Pinasthika gave an minor signal, not only above conversion line but also good volume.
Our weekly target is IDR1115
Support at IDR1025
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%
