Applying Technical Analysis in multiple time frames: $ADROMonthly
• Trend and momentum using Joe Rabil Method:
- From LL in Dec 2015, price has made 2 LH and 1 HH but it is still in presumptive uptrend. It will become uptrend if it breaks 4250.
- Price is above 18-month MA and 40-month MA and both MAs are rising but no separation yet
- MACD made 0-line reversal and is up
• Elliot Wave Method: None
• Harmonic Trading Method: Mapping: Bearish Deep Crab - 1.618 @ 4460
Weekly
• Trend and momentum using Joe Rabil Method:
- From LL in May 2023, price is in presumptive uptrend
- Price is above 18-week MA and 40-week MA, 18-week MA is rising and above 40-week MA with good separation.
- MACD is rising as per price
• Elliot Wave Method: Mapping - Zigzag AB-(C)
• Harmonic Trading Method: Price reached Bearish Bat – 88.6 @ 4010 with pullback target at Fib 38.2 and 61.8
Daily
• Trend and momentum using Joe Rabil Method:
- The last 2-day bars have been a concern, but price structure is still in uptrend
- Price is above 18-day MA and 40-day MA, 18-day MA is rising and above 40-day MA with good separation.
- MACD is rising as per price, however there is possibility for bear divergence or PINCH setup
• Elliot Wave Method: Mapping - Impulsive wave W12-(345) instead of zigzag as in weekly TF
• Harmonic Trading Method: None
1H
• Trend and momentum using Joe Rabil Method: Price makes a strong pullback; watch price action when MACD is near or reaches 0 line
• Elliot Wave Method: None
• Harmonic Trading Method: None
This analysis is made to track my TA's learning progress, and now I am focusing price action at 1H TF
Trading Plan for BBNI BearishMarket Context: Price is within a bearish Weekly Fair Value Gap (FVG) following a new swing low. Awaiting reversal confirmation during the current retracement. Monitor the MACD for Bearish Divergence signals.
Entry Strategy: Enter short when the trendline is broken.
Target and Stop-Loss:
Target Price (TP): 3050 (1.618 Fibonacci extension)
Stop-Loss (SL): 5850 (above FVG high)
Monitoring: Track the price daily and adjust based on new market information.
Documentation: Record trade details and observations for future analysis.
$ACES price to date 25th October 2024Based on Fib Time Zone
• 0 – 1 = RALLY
Time : 04/05/23 – 23/08/23;
Close Price : 424 – 726
• 1 – 2 = BASE
Time : 24/08/23 – 01/12/23; Close Price : 730 – 725
• 2 -3 : RALLY
Time : 02/12/23 – 21/03/24; Close Price : 690 – 885
• 3 -4 = …… (predicted to be BASE )
Time : 22/03/24 – 25/10/24; Close Price : 880 – not far from 880-850
then the IDX:ACES price on 25th October 2025 predicted not far from 880-850 so that from the price position when this analysis was made there was an increase of 14,48%
GOLF - PRIMARY BASEI bought my positions today
August 19, 2024
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after its IPO
3. Buying from a low cheat entry
4. Good breakout with huge volume
5. Many stocks start getting traction
Flawed:
Vulnerable to general market correction
I want to see some constructive action in the upcoming days.
BRIS (VCP - 22W 29/5 3T)I bought my positions today
August 21, 2024
Reasons:
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 +100% in the last three months while the index correcting -3%.
5. High relative strength.
6. Volume dries up as less supply coming to the market.
7. A decent volume on the breakout.
Flaws:
The general market is still at risk of going into a minor correction.
This is a textbook VCP with clear contractions and entry point. The stock closes weak and squat below the buy point which still normal. I like to see if it can holds up and follow through.
PGAS (VCP - 12W 15/3 3T)I bought my positions today
August 19, 2024
Reasons:
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 +50% in the last three months while the index correcting -3%.
5. High relative strength.
6. Volume dries up as less supply coming to the market.
7. A huge volume on the breakout.
Flawed:
The general market is vulnerable to go into a correction
This is a quintessential VCP, a very proper looking setup. I like to see some follow through action from now.
BBRI in accumulation zone BBRI has been beaten down badly in the last 2 months.
Market fear the increasing NPL and worsen economy but forgetting that BBRI still posted record profit recently. (BBRI has highest profit in Indonesia)
Management also initiated a stock buyback to support the prices.
So, if your stomach can withstand the downturn period for some time, this is the time blue chips can give you massive return in not so distance future.
$WOOD valid breakout on c&h patternSince trading on May 22 until today, Monday, August 19 2024, price movements have formed a cup and handle pattern with the neckline as the basis for price movement resistance for three months which has been breakout today and therefore can be used as a valid bullish signal.
The next movement we can set the target is 304 as the current resistance base with gain profit of 15.69%.
indicator:
- FIB fan speed resistence
- FIB Retracement