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.
Triple Top Pattern on a big cap companyIDX:BBCA is likely forming a Triple top pattern, if the breakout is true then it will go down to its support at 7650. CMIIW
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.
EURO - POWER PLAYI bought my positions today
The reasons I buy:
1. Low-risk entry
2. The stock is up >100% in less than 8 weeks
3. Corrected the least during the pause, less than 25%
4. Recent IPO stock
The stock doesn't affect by the general market, a strong sign of a leader.
BEER - PRIMARY BASEI bought my positions today
January 25, 2023
The reasons:
1. Low-risk entry
2. The stock offers its first buyable base after an IPO
3. Ascending bases from IPO
4. High relative strength
The flaw:
We're in a hard-penny environment, and the general market is still correcting.
$FILM wait to entry pricewaiting the next valley.
Nice entertainment company from Indonesia.
Believe this will become idr 1000 again
