MDKA Buy Speculation Analysist 30th May 2023MDKA is in down movement, probably gonna make price retracement (price probably at a support area right now).
Probably willing to buy in 3030 - 2800 area (average down recommended).
MDKA have probability to go down to 2770 (Stoploss when price hit 2770 or below)
Target Profit at 3600 (or take profit when 10% profit).
THIS IS FAST TRADE, so you can TP when you get 10% profit minimum.
Risk Reward ratio 1 : 2 to 3x
Good luck.
BRIS
Bullish Bias on BRISA mega merger Indonesia's owned state company seems to continue their bullish run after made a corrective movement that stopped with the double bottom formation exactly at fibo internal retracement zone from their primary bullish trend (A to B). 4000 would be a sweet spot as the target price of this market. Buy on weakness should be your consideration as long as the price not to going down and close below 1600 as it's invalidation value
The piercing line pattern on BRIS?😱Look at the 3 candles before today, it was rejected at the moving average of 89 and broke out through a moving average of 144 (continues to strengthen, can be). Even he couldn't break through 3 volume profiles at once, which means, is this a strong signal to start the uptrend again? I don't know either, so let's wait for the confirmation signal.
BRIS, psychological level IDX:BRIS
Well, this is might not be good news for those investors that currently holding Long positions with BRIS.
I posted this just to anticipate some potential scenarios in the midterm. I believe BRIS needs to pull back to its psychological level around 2500, this is required to maintain the current strong uptrend. Please be careful if it breaks the EMA55. as if that the case then it might go down to the fibo level around 2060.
Please note, that any scenario could happen. :)
Happy trading and stay safe.
Disclaimer:
This information is for educational purposes and is not an investment recommendation nor to be representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
BRIS VCP MinerviniDalam bukunya minervini disebutkan tentang metode VCP nya minervini, di pergerakan BRIS ini dapat dilihat BRIS sedang uptrend. Periode uptrend walau tidak panjang tetapi cukup lama dengan volume yang standar dan tidak signifikan berbeda.
Lalu kita lihat pola bar harian membentuk Symetric triangle, dengan volume yang terus menurun menunjukkan supply demand menurun. Ini yang disebut Volatility Contraction Pattern, lalu menurutstrategi Mark disiapkan posisi di atas break out dan stop loss di siapkan di triangle bawah dengan nilai maksimal 10%, lalu persiapan untuk Target price 30% setelah breakout dengan sell position di 20-30% dari total porto.