High volume breakout, then low volume correction. I see Big player accumulation in price around 6300 - 6350. I expect inverted head and shoulder / triple bottom pattern. I'll cut my position if the price goes below 6000 (closing).
There is Bearish divergence in timeframe 1H with downside target around 1400-1390. Broker summary show some serious accumulation in price around 1350 - 1400. I will start buying ADMR from 1390 - 1350 and set stop loss if the price hits 1290.
My analysis could be bias as i already bought this stock at 750.
Firstly, I see massive net foreign buy at around 700 - 730 which was very near horizontal strong support (700). Very attractive low risk for Long position as i see cup and handle pattern in the making. I believe MBMA will go up to touch its last high price at 955. I put around 50% of my swing trading...
Ascending Triangle in the making. Top 3 Broker summary net foreign buy with net buy price around 1700. Hidden Bearish divergence in 4H timeframe. near Horizontal Support 1640 - 1630. Very attractive risk and reward for long position.
Hopefully forming Cup and handle or inverted head and shoulder in a bigger view. Volume and flow is quite good. Broker summary shows some serious accumulation from foreign.
I set my long position on 740 - 750 range which was super strong support area (unfortunately already breakdown). I see some counter buying in price range 720 - 730.
Typically slow movement...
Volume is good. Chart rebound on Fibonacci golden area (0,68 - 0,50) which is also area of very strong horizontal support. Broker summary seems average. Hopefully forming cup and handle pattern.
BMTR hopefully forming double bottom.
High volume when the chart is rising, but during corrections the volume is very low. RSI Golden Cross. Broker summary also shows there is some accumulation from foreign.
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Hadza min fadhli Robbi
