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BBNI (VCP - 12W 12/2 3T)I bought my positions today January 4, 2024 Reasons: 1. Low-risk entry point 2. Confirmed stage 2 uptrend 3. Has gone through a majority line of supply 4. A breakaway move, the first breakout after the stock in a confirmed stage 2 uptrend 5. 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. This is a textbook VCP setup breaking out. I like to see some follow through action from now.
IDX:BBNILong
by rifqonr
AMMN - CHEAT I bought my positions today January 15, 2024 Reasons: 1. Low-risk entry point 2. Confirmed stage 2 uptrend 3. Coming from a cheat area with a pause pivot 4. Dried-up volume, indicating all the selling has been exhausted 5. The stock is up 380% since the IPO, very strong leader 6. More stocks are setting up and breaking out Flaws: The market is still in a hard-penny environment with only 31% of total stocks above the 200-day MA I like to see more constructive price actions and perhaps build the handle at around 8250 area.
IDX:AMMNLong
by rifqonr
PJAA (VCP - 24W 20/4 3T)I bought my positions today January 8, 2024 Reasons: 1. Low-risk entry point 2. Confirmed stage 2 uptrend 3. Has gone through a majority line of supply 4. Dried-up volume, indicating all the selling has been exhausted 5. Huge volume on the breakout 6. Strong fundamental basis with triple digit percentage earnings Flaws: 1. The market is still in a hard-penny environment with only 31% of total stocks above the 200-day MA 2. The index is moving higher but there are still less stocks setting up. I like to see some follow through action in the upcoming days
IDX:PJAALong
by rifqonr
BBRI: Rising Net Profit, Potential for a Bullish Run Ahead?Hi Realistic Traders. Here's my price action analysis on BBRI! BBRI has once again surged above its bullish trendline, maintaining its bullish trend. Additionally, the stock has shaped a bullish divergence and a descending broadening wedge pattern. These combined patterns often signal a strong likelihood of continued bullish momentum. Most notably, it has recently broken through the upper trendline, suggesting a compelling opportunity for further upside movement toward the target area. Fundamental Driver: In September 2023, BBRI reported a consolidated net profit of Rp44.21 trillion in the third quarter of 2023, marking a 12.47% increase from the same period in the previous year when it was Rp38.31 trillion. This positive development supports the projected outlook." it is essential to note that the analysis will no longer hold validity once the target/supprot area is reached. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on IDX:BBRI ." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
IDX:BBRILong
by financialfreedomgoals101