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BMRI - CUP WITH HANDLEI bought my positions today January 4, 2024 Reasons: 1. Low-risk entry point 2. Confirmed stage 2 uptrend 3. Has gone through four majority line of supplies 4. Offers multiple entries at a cheat area and a handle 5. The base has VCP characteristics 6. High relative strength 6. Volume dries up as less supply coming to the market 7. Huge volume on the breakout Flaws: 1. The market is still in a hard-penny environment with only 32% of total stocks above the 200-day MA 2. The index is moving higher but there are still less stocks setting up. A classic cup and handle formation with cheat pivot entry. I like to see some follow through action from now.
IDX:BMRILong
by rifqonr
BNGA: Banking's Bullish Outlook May PersistsHi Fellow Traders! The current trend indicates a bullish continuation pattern , characterized by the price making new highs and new lows. Following this, there is a significant breakout from the falling wedge pattern, accompanied by substantial trading volumes and the appearance of a bullish marubozu candlestick. Additionally, the Stochastic has also formed a golden cross in the oversold area, indicating the potential for an upward movement in BNGA. Through a comprehensive analysis of these technical factors, it is reasonable to conclude that BNGA is well-positioned to sustain its upward momentum and advance toward the target area. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below! Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered as a recommendation to take a long or short position on IDX:BNGA ."
IDX:BNGALong
by financialfreedomgoals101
TSPC - CUP WITH HANDLEI bought my positions today January 8, 2024 Reasons: 1. Low-risk entry point 2. Confirmed stage 2 uptrend 3. A long base cup and handle formation 4. One inside day pause in the handle area 5. The base has VCP characteristics 6. High relative strength 6. Volume dries up as less supply coming to the market 7. Huge volume on the breakout Flaws: 1. The market is still in a hard-penny environment with only 31% of total stocks above the 200-day MA 2. The index is moving higher but there are still less stocks setting up. I like to see some follow through action from now.
IDX:TSPCLong
by rifqonr
BBNI (VCP - 12W 12/2 3T)I bought my positions today January 4, 2024 Reasons: 1. Low-risk entry point 2. Confirmed stage 2 uptrend 3. Has gone through a majority line of supply 4. A breakaway move, the first breakout after the stock in a confirmed stage 2 uptrend 5. High relative strength 6. Volume dries up as less supply coming to the market 7. Huge volume on the breakout Flaws: 1. The market is still in a hard-penny environment with only 32% of total stocks above the 200-day MA 2. The index is moving higher but there are still less stocks setting up. This is a textbook VCP setup breaking out. I like to see some follow through action from now.
IDX:BBNILong
by rifqonr