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Applying Technical Analysis in multiple time frames: $BBNI• Monthly - Trend and momentum using Joe Rabil Method: Price is in presumptive uptrend (step 1 2 3 are complete). - Elliot Wave Method: Mapping 12-(345) - Harmonic Trading Method: Mapping: Bearish Bat (not drawn) • Weekly - Trend and momentum using Joe Rabil Method: a. Price has been in an uptrend since Mar ’20. Price continues making HH & HL and is above 18-week MA and 40-week MA; 18-week MA is rising and above 40-week MA. b. MACD is rising as per price. - Elliot Wave Method: Mapping 1234-(5) - Harmonic Trading Method: Bearish Bat was achieved; next mapping is Bearish Crab (3.618BC is achieved) • Daily - Trend and momentum using Joe Rabil Method: Uptrend and in pullback. MACD DC - Elliot Wave Method: None - Harmonic Trading Method: None • 1H - Trend and momentum using Joe Rabil Method: Price is in transition phase. This analysis is made to track my TA's learning progress, note: HTF is in uptrend but daily TF shows slowing momentum – monitor improvement in 1H TF.
IDX:BBNI
by ysjahrial
Applying Technical Analysis in multiple time frames: $NICE• Weekly – None • Daily - Trend and momentum using Joe Rabil Method: In Transition and leg since 24 Jan ’24 is presumptive uptrend. - Elliot Wave Method: Mapping AB-(C) or 12-(345) - Harmonic Trading Method: Mapping Bearish Bat • 1H - Trend and momentum using Joe Rabil Method: leg since 12 Feb ’23 is uptrend since price continues making HH & HL. Price is above 18MA and 40MA; 18MA is rising and above 40 MA. - Elliot Wave Method: as per daily TF - Harmonic Trading Method: as per daily TF This analysis is made to track my TA's learning progress; my note: monitor MACD 0-line reversal in 10M TF. If it fails, monitor 1H TF.
IDX:NICE
by ysjahrial
Applying Technical Analysis in multiple time frames: $BBCA• Monthly - Trend and momentum using Joe Rabil Method: a. Uptrend since price continues making HH & HL. Price is above 18-month MA and 40-month MA; 18-month MA is rising and above 40-Month MA. b. MACD shows improvement - Elliot Wave Method: - - Harmonic Trading Method: - • Weekly - Trend and momentum using Joe Rabil Method: a. Uptrend since price continues making HH & HL. Price is above 18-week MA and 40-week MA; 18-week MA is rising and above 40-week MA. b. MACD is rising as per price - Elliot Wave Method: - - Harmonic Trading Method: - • Daily - Trend and momentum using Joe Rabil Method: a. Uptrend b. Mapping: pinch setup for pullback. If this fails, will monitor price action when MACD is close to 0-line. - Elliot Wave Method: 5 waves are up. - Harmonic Trading Method: Price touches PRZ of bearish crab. • 1H - Trend and momentum using Joe Rabil Method: a. Price breaks down its uptrend line. b. 18-1H MA crosses down below 40-1H MA and both are down c. Mapping: pullback and currently in presumptive downtrend - Elliot Wave Method: Mapping AB – (C) - Harmonic Trading Method: - This analysis is made to track my TA's learning progress; my note: Target based on Elliot Wave and Harmonic Trading Methods is achieved in daily TF and 1H TF shows a different trend.
IDX:BBCA
by ysjahrial
NCKL Elliott Wave CountAnother nickel-related stock. Earnings wise is quite good compared to MBMA. PE < 10, PBV is still quite expensive. It's very interesting since NCKL's management has set the MHP (Mixed Hydroxide Precipitate), EV battery raw ingredient production to double in 2024. Earnings will get significant boost due to this. Nevertheless, we have to pay attention to nickel price since it has fallen for quite some time. I think it will bottom somewhere in 500-600-ish range. Stay tuned.
IDX:NCKL
by MrSparkles69
AMMN (VCP - 11W 30/4 3T)I bought my positions today February 12, 2024 Reasons: 1. Low-risk entry point 2. Confirmed stage 2 uptrend 3. Has gone through a majority line of supply 4. An early IPO stock to has big upward momentum to considered a leader in this type of market 5. High relative strength 6. Volume dries up as less supply coming to the market 7. A decent volume on the breakout Flaws: 1. The market is still in a hard-penny environment, not much confirmation from the momentum stocks with only 25% of total stocks above the 200-day moving average 2. The index is moving higher but there are still less stocks setting up. I like to see some follow through action from now.
IDX:AMMNLong
by rifqonr
BMRI: Hidden Bullish Divergence, New All-Time High Soon?Hello Fellow Stock Traders, Here's a Technical Analysis of BMRI! After successfully overcoming a significant resistance area, BMRI (Bank Mandiri) experienced a subsequent pullback, thereby establishing a new support level. Analyzing the trend perspective, it is observed that BMRI's price movement surged above the EMA 34 Line, which is a promising indicator of a bullish trend. Additionally, the stock has formed a symmetrical triangle pattern, accompanied by an impulsive breakout represented by a bullish candlestick formation. Such patterns typically imply potential upward momentum and are considered positive signs for further price appreciation. Furthermore, the MACD (Moving Average Convergence Divergence) indicator has displayed a hidden bullish divergence, indicating the possibility of the ongoing bullish trend extending further. In summary, the technical analysis of BMRI reveals multiple favorable factors, including the breach of a substantial resistance area, a bullish trend indicated by the EMA 34 Line, a symmetrical triangle pattern breakout, and the hidden bullish divergence on the MACD. Traders and investors may interpret these signals as potential indications of an upward continuation in BMRI's price movements. As always, prudent risk management practices should be employed before making any investment decisions. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below! Disclaimer: Please note that this analysis is solely for educational purposes and should not be considered as a recommendation to take a long or short position on IDX:BMRI .
IDX:BMRILong
by financialfreedomgoals101
BMRI - CUP WITH HANDLEI bought my positions today January 4, 2024 Reasons: 1. Low-risk entry point 2. Confirmed stage 2 uptrend 3. Has gone through four majority line of supplies 4. Offers multiple entries at a cheat area and a handle 5. The base has VCP characteristics 6. High relative strength 6. Volume dries up as less supply coming to the market 7. Huge volume on the breakout Flaws: 1. The market is still in a hard-penny environment with only 32% of total stocks above the 200-day MA 2. The index is moving higher but there are still less stocks setting up. A classic cup and handle formation with cheat pivot entry. I like to see some follow through action from now.
IDX:BMRILong
by rifqonr
BNGA: Banking's Bullish Outlook May PersistsHi Fellow Traders! The current trend indicates a bullish continuation pattern , characterized by the price making new highs and new lows. Following this, there is a significant breakout from the falling wedge pattern, accompanied by substantial trading volumes and the appearance of a bullish marubozu candlestick. Additionally, the Stochastic has also formed a golden cross in the oversold area, indicating the potential for an upward movement in BNGA. Through a comprehensive analysis of these technical factors, it is reasonable to conclude that BNGA is well-positioned to sustain its upward momentum and advance toward the target area. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below! Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered as a recommendation to take a long or short position on IDX:BNGA ."
IDX:BNGALong
by financialfreedomgoals101