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BBRI Eyes Key Resistance Levels After Breaking DowntrendIn the daily timeframe chart of Bank Rakyat Indonesia (BBRI), it is evident that the price has successfully broken out of the descending channel that previously restricted its movement. After breaking the resistance at 4,100, the price shows potential for further strengthening, with the next target at the 4,510 resistance level. If the bullish momentum continues, the subsequent target lies at the 4,800 resistance level. The 200 SMA at 4,898 is still above the current price, indicating a long-term bearish trend. However, the recent price movement suggests the potential for a short-term trend reversal toward an upward trend. The key support level currently stands at 4,100, serving as a critical area to maintain the bullish sentiment.
IDX:BBRILong
by KepoinTrading
CLEO (VCP - 28W 24/7 3T)Position update: December 20, 2024. Key factors: 1. Low-risk entry point. 2. Confirmed stage 2 uptrend. 3. Has gone through its majority line of supply. 4. Moving on its own drummer, the stock went up +125% while the index remains nowhere. 5. High relative strength. 6. Volume dries up as less supply coming to the market. 7. Both breakouts accompanied with a decent volume. Considerations: The current market environment remains challenging, as it fails to sustain a bullish trend and continues making lower lows. However, this is the only stock that is setting up properly in the current market. This is a quintessential VCP with clear contractions and a defined entry point. I’d like to see if it can hold up and follow through from here.
IDX:CLEOLong
by rifqonr
UNTR - CUP WITH HANDLEIDX:UNTR CUP WITH HANDLE 13-12-2024 (+): 1. Low risk entry point on nice drifting handle 2. Price above MA 50 > 150 > 200 over 10 weeks 3. Price is within 25% of 52 weeks high 4. Price is over 30% of 52 weeks low 5. 200 day MA trending up over 1 month 6. RS Rating is over 70 (79) 7. Price break major downtrend, it's mean the stock started on Stage 2 uptrend (-): 1. The stock is slow mover, it will take a while to reach the target 2. The volume when the stock is breaking out not quite big Note: Volume not dries up cause of big capital stock, some of big capital stocks doesn't need to dries up their volume
IDX:UNTRLong
by The_small_money
PANI - LOW CHEATPosition Update: December 6, 2024 Key factors: 1. Low-risk entry point. 2. The stock offers a low cheat, a creative entry. 3. The stock moves so rapidly in the last couple months. 4. A 30% pullback from its all-time high indicates a normal profit-taking phase within the context of a broader uptrend. 5. High relative strength, outperforming the general market. 5. The stock is moving on its own universe and marching to its own drummer. 6. Volume diminishes during pauses, indicating less supply coming to the market. 7. The breakout was confirmed with a notable surge in volume, reflecting strong buying interest. Consideration : The current market environment remains challenging, with broader indices showing uncertain and inconsistent behavior, failing to sustain a bullish trend. This creates a "hard penny" environment, where gains are harder to secure and require precision. This is a creative early buy in anticipation of a possible cup-with-handle formation. The current setup presents an opportunity to establish a position at a low-risk entry while awaiting the potential development of a handle in the coming weeks.
IDX:PANILong
by rifqonr
BBRI Is Going To Bottom in Mid-DecemberAfter a constant barrage of selling from March until June, and then quite of a rebound from 4100 to 5600 (almost 40%), BBRI continues to dive almost everyday since mid-September. This is supported by the huge foreign outflow BBRI has been suffering. Last Friday, BBRI's foreign outflow amounts to IDR823 billion. To put into perspective, IHSG Friday foreign outflow is IDR1.6 trillion, which means BBRI accounts for more than half of the outflow from IHSG. Technical wise, BBRI has now constantly being traded under its 200 day moving average for almost 3 months. BBRI will most likely complete the (iii) wave of the C wave next week around 4100. Volume on last Friday's trading is relatively large. This means selling has not eased yet. I believe BBRI will bottom under 4000 ; 3700-3800
IDX:BBRIShort
by MrSparkles69
1
NEST (VCP - 7W 8/3 3T)Position Update: December 6, 2024 Key factors: 1. Low-risk entry point. 2. A first proper and buyable base after an IPO. 3. Has gone through its majority line of supply. 4. Moving on its own drummer, the stock went up +96% while the index remains the same spot. 5. High relative strength stock. 6. Volume dries up as less supply coming to the market. 7. The breakout was confirmed with a notable surge in volume Considerations: The current market environment remains challenging, with broader indices showing uncertain and inconsistent behavior, failing to sustain a bullish trend. This is a quintessential VCP with clear contractions and a defined entry point. I’d like to see if it can hold up and follow through from here.
IDX:NESTLong
by rifqonr
UNTR Buy Setup1. Trend Confirmation: Identified a Flag Pattern Consolidation after a bull, indicating a continuation in bullish market sentiment. 2. Fair Value Gap (FVG): On the Daily chart, identified Fair Value Gap between 25.400 - 26.125 3. Trade Execution Entry Price: 26.550 ( Engulfing Candle on 15 Nov 24) SL: 25.300 (below FVG) TP1: 31.500 (Previous High) Risk-Reward Ratio (RRR): 1 : 4 Monitoring: Check-in daily closing price 4. Outcome: Exit Price: Profit/Loss: pips ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
IDX:UNTRLong
by Phoenix-Rise-Trade