BBCA >>> Bearish Head and ShoulderBBCA is going to make a downside movement, the target will be 1.618 Fibonacci ratio near the previous gap or 2.24, near the classic target of Head and Shoulder pattern (yellow horizontal line)
#fibomic
#BBCA
Longing MTEL indonesian stockweekly TF show that institution was buying at low price (the sell stop) that push higher than the big black candle to become a bullish orderblock.
First target would be the equilibrium at 750 and then would search for a discount PD array before pumping toward buy stop at price more than 800
Transient long idea on BRPTpremium PDA - FVG upside
now we were in discount on weekly TF and hit an OB to retest
longing toward FVG above clearing buy stop
PDPP - PRIMARY BASEI bought my positions today
February 14, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers the first buyable base after an IPO
3. IPO base on low cheat entry
4. High volume breakout
The flaws:
1. The stock still needs to encounter a big supply on the left side
2. Stock squatted to pivot level
I like to see some follow-through in the upcoming days.
BMRI - CUP AND HANDLEBMRI has made a cup and handle pattern and has breakout.
Potentially longterm BMRI will go to Rp12,100 (last target).
But before we see BMRI moving upward, we'll see a retest on the area Rp10,300-Rp10,350. And that's where I will be putting my trades on.
Take Profit target 1 is at Rp11,000 & don't forget to set breakeven.
Stop loss is area Rp10,150.
This is a 1:4 risk ratio trade.
SINI - POWER PLAYI bought my positions today
February 24, 2023
The reasons:
1. Low-risk 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; and
5. It breakouts with huge volume.
This stock is more like a power play on top of a power play, a strong leader characteristic. Moreover, It is in its own cycle, marching to its own drummer.
