ELIT - PRIMARY BASEI bought my positions today
February 8, 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 relative strength
5. High volume breakout
I bought the final position today as I have accumulated my position incrementally beforehand.
Only Watch and Wait for NowToo many noise right now
Looks price can go up
But once again, I need more confirmation
I will start buying at 2 conditions
wait at support below
or
wait price until breakout the resistance
Just trade with your own decision
This analysis made just for education purpose
Disclaimer On
BBCA on HnSBBCA is now forming a Head and Shoulder pattern. Supporting the gap on 7625, the possible scenario is this stock will drop to that area before it makes a turnover. Investors are to expect around -12% (Calculated from today's -6th Feb 2023- price) and traders could be taking this chance to short the stock while it drops.
If you are looking to invest in this stock and you haven't put your money into it, better put it on hold because "Sell on May" is gonna be real this year. Prepare to buy the dip.
SVA,
February 6, 2023
When?Honestly this chart not looks so good..
If price break resistance, I still need deep thinking for buying or not...
Right now I'm bearish and will wait at support
Will update if price go down and break any white dots trendline
This analysy made for education purpose only
Just trade with your decision
DisclaimerOn