ASII Buy Trade Setup1. Trend Confirmation:
Identified a Change of Character by the break of the previous high at 4830, also the break of previous downtrend, indicating a reversal in market sentiment and a new bullish trend.
2. Fair Value Gap (FVG):
On the Weekly chart, identified Fair Value Gap between 4790 - 4940.
3. Trade Execution
Entry Price: 5100 ( Long Bullish Bar on 21 Oct 24)
SL: 4770 (FVG)
TP1: 5900
Risk-Reward Ratio (RRR): 1:2.4
Monitoring: Check-in daily closing price
4. Outcome:
Exit Price:
Profit/Loss: pips
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Disclaimer
The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
LPKR Breaks 34 in weekly TF! A Signal to Bull?Bullish Potential for Lippo Karawaci Stocks!
Key Points
Technical Breakout: Lippo Karawaci stocks have recently broken above the EMA 34 on the weekly chart. This is a positive sign often indicating potential upward momentum in the stock's price.
Valuation: The current Price-to-Book Value (PBV) stands at 0.3, which is quite low. This suggests the stock is undervalued compared to its book value, making it attractive for investors seeking value.
Conclusion: With the recent technical breakthrough and a low PBV, Lippo Karawaci appears to have bullish potential. Investors should monitor the stock for continued positive trends and higher trading volumes to confirm this upward movement.
Disclaimer
This content is for educational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
Applying Technical Analysis in multiple time frames: $BBTNMonthly
• Trend and momentum using Joe Rabil Method:
- From May 2020, price made HH and HL and is now in transition phase. If it breaks 2100, it becomes presumptive Uptrend.
- In March 2024, price broke the downtrend line (Step 1), tested the low (Step 2) and is on its way to Step 3
• Harmonic Trading Method: N/A
Weekly
• Trend and momentum using Joe Rabil Method:
- Last leg is in presumptive uptrend and is on its way to Step 4. If it breaks 1545, it becomes an uptrend.
- Price is above 18-week MA and 40-week MA, 18-week MA is rising and starting to separate from 40-week MA.
- MACD is rising as per price
• Harmonic Trading Method: N/A
Daily
• Trend and momentum using Joe Rabil Method:
- MACD made 0-line reversal in every pullback
• Harmonic Trading Method: Bearish Bat was complete; price moved down and now is up to Step 4
1H
• Small bearish bat is complete, and price is in consolidation
• I will pay attention on MACD, whether it can make 0-line reversal or not.
10M
• Price moves in rectangular shape.
• I will pay attention on 18-10M MA, whether it will make GC and up or not, and MACD to be above 0 line
SMDM - POWER PLAYI have my position today
September 9, 2024
The reasons:
1. Low-risk pivot point
2. The stock offers a very tight entry in a power play setup
3. It surged over 250% in less than eight weeks
4. Corrects only 8% during this pause, indicating big institutions unwilling to sell their positions
4. High relative strength, outperforming the general market
5. The stock is moving on its own universe and marching to its own drummer
6. Volume dries up during the pause
7. The general market is in its bull campaign
Flaw:
1. Squats below breakout level on the closing
2. No real volume on breakout
It is a textbook Power Play setup, outstanding prior moves with very little sell-off on its correction. I like to see if it can hold up and reset its pivot area for another proper entry.
DILDVisions of you in shades of blue Smoking, drifting, lazely drifting My darling, I miss you so Time goes by, no wonder my Senses go reeling, your eyes appealing I see the whole night through When will we meet again When, when, when When will we meet again When, when, when I remember the days, beautiful days
ELPI - CUP WITH HANDLEI bought the stock today
August 30, 2024
Reasons:
1. Low-risk entry point
2. Long base cup development
3. Formed a classic cup with a nice drifting handle
4. Newly IPO stock in late 2022
5. High relative strength
6. This is the second buy-able base since the IPO (first: vcp on 8/2/24)
7. More stocks start showing traction.
Flaws:
1. Not really in a confirmed stage 2 uptrend
2. No big volume on the breakout
I like to see if it can holds up and continue moving higher from here
BMRI - CUP WITH HANDLEI bought the stock today
September 11, 2024
Reasons:
1. Low-risk entry point
2. Long base cup development
3. Formed a classic cup with a nice drifting handle
4. VCP characteristics on the handle
5. One of the leaders in banking sector beside IDX:BRIS
6. We're in a general market bull campaign
7. More stocks start showing traction.
Flaws:
1. Currently outperformed by the market
2. No big volume on the breakout
I like to see if it can holds up and continue moving higher from here.
Analysis: BBNI Sell OpportunityMarket Context:
- Price is within a bearish Discounted Weekly Fair Value Gap (FVG).
- Price broke Daily Trend Line.
Entry: 5450
Stop-Loss (SL): 5850 and trailing
Target Price (TP)2: 4300 (last swing low)
Target Price (TP)2: 3100 (1.618 Fibonacci extension & Weekly Bullish FVG)
Monitoring: Track the price daily and adjust based on new market information.
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Disclaimer
The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
MARK (VCP - 19W 26/5 3T)I bought my positions today
September 26, 2024
Key factors:
1. Low-risk entry point.
2. Confirmed stage 2 uptrend.
3. Has gone through its majority line of supply.
4. Moving on its own drummer, the stock went up +130% while the index only up 10%.
5. High relative strength.
6. Volume dries up as less supply coming to the market.
8. Many traction based on my stock continuum.
9. Early stage of bull market campaign.
10. The market is currently in an easy-dollar environment, where many stocks are setting up constructively and performing well. This is evident as 51% of all stocks are trading above their 200-day moving average.
Considerations: While the stock exhibits a solid technical foundation, the breakout is not as robust as typically expected for a stronger move.
This is a quintessential VCP with clear contractions and a defined entry point. The stock closed weak and squatted to right at the buy point, which is still within a normal range. I’d like to see if it can hold up and follow through from here.
RSCH - CUP WITH HANDLEI bought the stock today
August 16, 2024
Reasons:
1. Low-risk entry point
2. Confirmed stage 2 uptrend
3. Has formed a classic cup with a nice drifting handle
4. Strong prior moves before it gone through its base formation
5. High relative strength
6. Hand in hand with the indexes making its new highs
7. More stocks start to setup constructively
Flaws:
The market is still very vulnerable to go through another corrections
I'm still waiting for some traction in the market before I start trading aggressive. Hence, I like to see some follow through action from now.
AMRT Buy AnalisysMarket Context: Price breaks previous resistance above 3030. Bullish Weekly Fair Value Gap (FVG) following around previous resistance & 50 Fibonacci.
Waiting for price to retrace back into FVG area, and making a reversal signal.
Entry Buy : 3000
Target Price (TP): 3300 (1.618 Fibonacci extension)
Stop-Loss (SL): 2900 (below FVG)
Monitoring: Track the price daily and adjust based on new market information.
Documentation: Record trade details and observations for future analysis.