BBRI retracement entryAfter reaching its All Time High, BBRI is stopped at 1.6 fibo level. If this resistance cannot be passed thus there is possibility that BBRI will retrace, my entry area is 5000 where is in its 0.6 fibbo level.
NCKL Daily BreakoutNCKL has broken out of the triangle. Extremely high volumes in last trading session. Nickel Prices also reversing in Global MArkets.
Resistant 1: 1115
Resistance 2: 1200
Target 1: 1500
Target 2: 1900
Note: Analysis is only for educational purposes and is not an investment advice
BSDE waiting for pattern breakoutBSDE waiting for the right catalyst to breakout to the upside. Watching closely.
BBCA potential Cup&Handle pattern completionBBCA price reverse strongly and on track to complete the potential Cup&Handle pattern.
Strategy for Indonesia's 4 big banks is only buy buy and buy....
PTPS - POWER PLAYI have a position today
December 14, 2023
The reasons:
1. Low-risk pivot point
2. The stock went up >100% within 8 weeks
3. It corrects only 13%, indicating big institutions are unwilling to unload their position
4. High relative strength, outperforming the general market
5. The stock is moving on its own universe, marching to its own drummer
6. Volume dries up as less supply coming to the market
7. There is decent volume on the breakout
Flaws:
1. It needs to go through some overhead supply on the left side
2. The market is still in a hard-penny environment with only 29% of total stocks above the 200-day MA.
This is my initial position. I want to see it set up a better pivot to add to my positions.
ASII potential forming Butterfly patternASII completes point C perfectly and if going forward price move higher from point C, we might have a valid Butterfly pattern here.
BBTN completed inverse cup and handle pattern for some decent upBBTN completed the pattern and is now looking for some upside potential. Will watch closely.
DMAS pattern still validDMAS point C still within yellow box for a valid pattern. watch closely to see if pattern still valid next week.
SMGR potential completing cup and handleSMGR has the potential to complete inverse cup and handle with good profit potential
SMRA potential confluence on cup&handle and BAT patternSMRA price currently pullback from inverse cup and handle neckline potentially completed the cup and handle pattern.
The target pullback happens to close to Point C of Bearish BAT harmonic pattern (just estimates).
Let's see if this wild guess will play out nicely
SMMT - FLAT BASEI bought my positions today
September 18, 2023
The reasons:
1. The stock offers a low-risk entry point
2. It developed a textbook flat base setup
3. It has VCP characteristics
4. It has a high relative strength
5. It outperforms the general market
6. Volume dries up and huge volume on the breakout
Flaw:
The market is still in a hard-penny environment with only 33.8% of total stocks above the 200-day MA.
SMRA potential forming Cup and Handle patternSMRA pullback from smaller HnS pattern right in the neckline. See previous post for the HnS pattern post.
SMRA has the potential forming bigger cup and handle with higher profit target once it is completed the pullback and price moving back towards the bigger cup and handle neckline.
KAYU - POWER PLAYI bought my positions today
November 6, 2023
The reasons:
1. Low-risk entry with a crisp low cheat pivot point
2. The stock went up >100% in less than 8 weeks
3. VCP characteristics during the pause
4. The pause has less than 25% correction
4. Volume dries up as a sign of less supply coming to the market
5. A high alpha stock with a low standard deviation
6. One of the leaders in this type of market environment
The flaws:
1. Stock squats after the breakout
2. The market is still in a hard-penny environment with only 30% of total stocks above the 200-day MA.
This stock is still so strong. I would like to see it calms down for couple days and develop a pivot reset to add more positions.
BTPS potential Butterfly pattern forming if point C is validWatch the point C, if price not going lower then point C then reverse, then probability for Bearish Butterfly forming is higher.
ANTM - December Potential BullishCandlestick pattern Nov 2023 was Hammer. Hammer is bullish reversal.
Resistance TF Mo: 1790, 1845, 200
AMMN - POWER PLAYI bought my positions back today
October 26, 2023
The reasons:
1. Low-risk entry with a crisp pivot point
2. The stock is up >100% in less than 8 weeks
3. Corrected the least during the pause, less than 25% correction
4. Volume dries up as a sign of less supply coming to the market
5. A high alpha stock with a low standard deviation
6. One of the leaders in this market environment
The flaw:
1. Squat after the breakout
2. The market is still in a hard-penny environment with only 30% of total stocks above the 200-day MA.
The stock set back another pivot point after I got stopped out beforehand slightly above the breakeven. I like to see if it can hold up during this difficult market environment.
DMAS has potential to form Gartley PatternWatch Point C closely. As long as Point C still within the yellow box, potential Gartley pattern will be valid. Give it sometime to see if the pattern will be completed or not.
UDNG - PRIMARY BASEI bought my positions today
November 27, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. Tight and clear pivot point (a cup with handle)
4. High relative strength stock
5. It acted strong against the general market
The flaws:
1. The general market is still in hard-penny environment
2. Most individual setups I personally trade don't work out well in the past months
I want to see some constructive action in the upcoming days.
PGAS potential Gartley if Point C is validWatch closely for Point C which has to be within the yellow box.
You can use the yellow box as downtrend target as well. If price reverse to the upside within the yellow box then point C is valid and the pattern has higher changes to form.
ACES going to nearest Fibo target soonACES has rebounded from low to nearest fibo target soon.
Still some upside from here.
TAPG potential forming Gartley PatternWatchout TAPG for Potential Gartley Pattern completion. If you believe Gartley pattern completion is possible, there is plenty upside from here.
SMRA breakout from inverse HnS pattern.SMRA breakout from inverse HnS pattern. Still has lots of opportunity to add positions.
