Triple Top Pattern on a big cap companyIDX:BBCA is likely forming a Triple top pattern, if the breakout is true then it will go down to its support at 7650. CMIIW
ELIT - PRIMARY BASEI bought my positions today
February 8, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers the first buyable base after an IPO
3. IPO base on low cheat entry
4. High relative strength
5. High volume breakout
I bought the final position today as I have accumulated my position incrementally beforehand.
EURO - POWER PLAYI bought my positions today
The reasons I buy:
1. Low-risk entry
2. The stock is up >100% in less than 8 weeks
3. Corrected the least during the pause, less than 25%
4. Recent IPO stock
The stock doesn't affect by the general market, a strong sign of a leader.
BEER - PRIMARY BASEI bought my positions today
January 25, 2023
The reasons:
1. Low-risk entry
2. The stock offers its first buyable base after an IPO
3. Ascending bases from IPO
4. High relative strength
The flaw:
We're in a hard-penny environment, and the general market is still correcting.
$FILM wait to entry pricewaiting the next valley.
Nice entertainment company from Indonesia.
Believe this will become idr 1000 again
DEWI - LOW CHEATI bought my position today
February 3, 2023
The reasons:
1. Low-risk entry
2. Coming from a textbook low cheat setup
3. Recent IPO stock
4. High relative strength
The market has started to work fine. I can tell it from my last 4 profitable trades.
Only Watch and Wait for NowToo many noise right now
Looks price can go up
But once again, I need more confirmation
I will start buying at 2 conditions
wait at support below
or
wait price until breakout the resistance
Just trade with your own decision
This analysis made just for education purpose
Disclaimer On
MEDC - CUP WITH HANDLEI bought my positions today
January 19, 2023
The reasons:
1. Low-risk entry
2. Cup and handle pattern
3. High relative strength stock
4. Constructive basing period
5. Outstanding fundamental basis.
The flaw:
The general market is declining, the breakouts are prone to failure.
BBCA on HnSBBCA is now forming a Head and Shoulder pattern. Supporting the gap on 7625, the possible scenario is this stock will drop to that area before it makes a turnover. Investors are to expect around -12% (Calculated from today's -6th Feb 2023- price) and traders could be taking this chance to short the stock while it drops.
If you are looking to invest in this stock and you haven't put your money into it, better put it on hold because "Sell on May" is gonna be real this year. Prepare to buy the dip.
SVA,
February 6, 2023
No Action Until...For now just a watchlist...
No need action until price above resistance..
But I think it has potential to grow again if price above that resistance
This analysis made just for education purpose
Trade with your own decision
DisclaimerOn
Buy IfHave some planning for this
1. Wait for breakout fib618
2. Averaging 2x, start from fib05 area and the second start from fib382 area
This analysis just made for education purpose only
Trade with your decision
DisclaimerOn
When?Honestly this chart not looks so good..
If price break resistance, I still need deep thinking for buying or not...
Right now I'm bearish and will wait at support
Will update if price go down and break any white dots trendline
This analysy made for education purpose only
Just trade with your decision
DisclaimerOn
Looks Nice and Ready Just trade with your own decision
This analysis made just for education
disclaimerOn
