ASII Buy Trade Setup1. Trend Confirmation:
Identified a Change of Character by the break of the previous high at 4830, also the break of previous downtrend, indicating a reversal in market sentiment and a new bullish trend.
2. Fair Value Gap (FVG):
On the Weekly chart, identified Fair Value Gap between 4790 - 4940.
3. Trade Execution
Entry Price: 5100 ( Long Bullish Bar on 21 Oct 24)
SL: 4770 (FVG)
TP1: 5900
Risk-Reward Ratio (RRR): 1:2.4
Monitoring: Check-in daily closing price
4. Outcome:
Exit Price:
Profit/Loss: pips
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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.
ASII
UNTR: HEAVV EQUIPMENT STOCK, POTENTIAL TO FILL THE GAP?Hello Stock Market Enthusiast! Here's Long-term outlook for UNTR , Support the Channel by smashing the FOLLOW and LIKES Button, then Share your opinion on the Comment Section below :)
*UNTR created a symmetrical triangle pattern on Daily Timeframe
*UNTR has broken out of the Symmetrical Triangle which indicates a potential bullish movement ahead
*MACD indicator already crossed up above the zero level area, that signify the stronger bullish momentum may remains in the future.
The roadmap will be invalid after exceeding the support/target level
*DISCLAIMER:
This isn't a recommendation to buy or sell stock, only an Outlook from technical perspective.
ASII: AUTOMOTIVE INDUSTRY BULLISH OUTLOOK AHEAD?Hello Stock Market Enthusiast! Help the Channel Growth by smashing the FOLLOW and LIKES Button, then Share your opinion on the Comment Section below :)
ASII has broken out of the falling Wedge Pattern. It brings a potential upside movement toward the target area. The targets area base on the potential multiple rejection area.
The roadmap will be invalid after exceeding the support/target level
*DISCLAIMER:
This isn't a recommendation to buy or sell Stock, only an Outlook from technical perspective.
*FOLLOW FOR MORE CONTENTS AND UPDATES*
ASII: INDICATION OF AUTOMOTIVE INDUSTRY RECOVERY AHEAD?Hello Enthusiast Stock Traders! Here's Medium-Term outlook for ASII, Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
ASII has broken out of the Descending Broadening Wedge Pattern Impulsively. The MACD already crossed above the zero level area, it signify the potential upside movement ahead.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the Stock.
ASII: SIGN OF RECOVERY ON AUTOMOTIVE INDUSTRY?Hello Traders, here's your free outlook for ASII. Don't forget to smash the LIKES, COMMENT, and FOLLOW button to support the channel.
ASII is breaking the classic resistance. The momentum indicator is pointing up in the neutral area, indicating potential upside movement to the target area.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only an outlook, not a recommendation to buy or sell the stock.
Why Cut Loss in ASII?ASII is a retail favorite LQ45 stocks, including me. But a few days ago, I decided to sell ASII with loss.
Here is the reasons:
1) After bouncing back from support at EMA100 and breaking EMA50, it turned out that ASII was unable to break through to EMA20 and turned back to EMA100.
2) When it fails to break EMA20 at 6275 and then goes down, the chart formation is potential to form a Head and Shoulder pattern.
3) Because ASII is a share held most by foreigners with a proportion of 72% as of 31 January 2021, it is important to look at foreign flows. And it turns out that foreigners have made significant distribution actions.
There is also some speculations spread out in connection with the slump in ASII. There are those who associate it with the collapse of the Cipali toll road, there is also because of foreign broker portfolio rebalancing by exchanging ASII's ownership to BBRI and ANTM (because of MSCI).
Whatever it is, the chart shows a potential for a significant decline, if the HnS scenario occurs.
The decision to sell is a rational decision, as it seems. What you see is what you get.
So Simple!
I will wait for the correction in the area that I have marked on the chart.
@MonsterTurtle
PT.Astra International,Tbk. Double Bottom DetectedHello Guys,
been a long time i'm not charting because i'm in holidays. now i'm here today to show you guys how ASII stock will flow. as you can see on the chart, we've been double bottoming in recent 4H candles. i'm jumping in now on Rp. 7200 - 7250 area,waiting & swing the trade for a possibility the resistance breaking & start laddering profits on Rp. 7500 area.
ASII has a good fundamentals too,with positive revenue released in recent weeks,it was the best revenue throughout history since 1957, up to 15% net profits compared to the same period in 2017 annual report.
ps : always put stoploss in the support area,no doubt it can bleed too because of the china-US war trade sentiment.
tab like buttons if you like my analysis :)