Bank Tabungan Negara (BTN / IDX:BBTN) is still bearishENGLISH:
Bank Tabungan Negara (idx:bbtn) is trying to get out of the yellow resistance's line, with direction to the white resistance's line or 1470 IDR. If the market successfully break out the white resistance and continue above the white line then the market is likely to be bullish again. But if it will be failed, the market will continue bearish to 850 IDR. This is strong support and can make market rebound to 3400 IDR. The analysis uses combination of the bat harmonic, falling wedge, and fibonacci.
BAHASA:
Bank Tabungan Negara (idx:bbtn) sedang berusaha keluar dari resisten garis kuning, untuk menuju resisten garis putih diangka 1470 IDR, Jika market berhasil berada diatas garis putih maka kemungkinan pasar akan kembali bullish. Tetapi jika gagal, market akan turun hingga ke harga 850 IDR. Area ini merupakan support kuat yang bisa mendorong pasar naik dan kembali bulish menuju harga 3400 IDR. Analisa ini menggunakan kombinasi pola harmonic kelelawar, falling wedge dan fibonoacci
PANI - CUP WITH HANDLEI bought my position today
August 4, 2023
Reasons:
1. Low-risk entry point
2. Coming from a classic cup and handle
3. Bought initial position at the cheat area
4. High relative strength stock
5. It is in a confirmed stage 2 uptrend
Flaw:
1. My latest personal trades are not working well
2. Stock squat and lack volume on the breakout
I like to see a pivot reset and more constructive action in the upcoming trading days.
VKTR - PRIMARY BASEI bought my positions today
July 10, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. Tight pivot level/line of the least resistance
4. High relative strength stock
5. Volume dries up before the breakout, a 1-2 punch.
The flaws:
1. The general market is still in correction
2. Most individual setups I personally trade don't work out well in the last two months
The stock closes good and strong on the breakout. I want to see some constructive action in the upcoming days.
BSDE - PULLBACKI bought my positions today
July 31, 2023
The reasons:
1. Low-risk entry
2. A pullback to breakout level
3. It is in a confirmed stage 2 uptrend
4. It has a high relative strength line
5. A crisp pullback buy point
I start a pilot position today, I like to see some follow-through action from this point.
AUTO - FLAT BASEI bought my positions today
June 8, 2023
The reasons:
1. The stock offers a low-risk entry point
2. It developed a small cup-and-handle pattern
3. It outperformed the general market
4. It has a high relative strength line
5. It has VCP characteristics
6. It breaks out with a huge volume
Flaw:
1. The market is still in a correction
2. Lack of setup in the market
Short review chart stock 'ACES'IDX:ACES looks for a trend reversal from bearish to become bullish.
A look at the chart weekly, there is a bullish engulfing indicates a price reversal and validated by double bottom chart pattern on daily chart. The volume on 21 June 2023 shows spike and long candle indicates interested investor on $ACES.
Here is my analyze for IDX:ACES
TP 1 750-780 (harmonic resistance)
TP 2 835 (gap trading)
SL 605
Current price: 680
Risk:reward: 2x (TP2)
#Disclaimer On #Do_your_own_research
A short review about $NISPNISP is on up trend going to next classic resistance since 23 Dec 2016 at 1.370.
Now the price is already bouncing at dynamic resistance which is Exponential Moving Average 21 and goes to harmonic resistance 1.310. However, NISP already shares the dividend from 2022 and multiplies in 2023, which is a good sign for investors or traders to buy it.
Trading plan:
Buy 1.220
TP1 1.310
TP2 1.370
SL 1.120
Risk:Reward: 0,9 (TP1) & 1,5 (TP2)
#DisclaimerOn $Do_your_own_research