BTPS potential double bottom with huge upside potentialBTPS has several confluence on fibonacci retracement, fibonacci extension and potential double bottom for huge upside potential at least above 2100.
BMRI on the way for bigger cup and handle targetBMRI already reached smaller cup and handle target, on the way for bigger cup and handle target.
congrats for those who follows this idea
BBRI (Bank Rakyat Indonesia)Intense Correction Underway for BRI with Support Zone at 3790-3510, Followed by Resurgence Towards 8000-8200 Range
BRI is currently amidst a pronounced correction phase, marked by robust downward momentum. The price is anticipated to sustain its descent, targeting the range of 3790 to 3510. This decline is propelled by significant selling pressure, potentially attributed to broader market sentiments or company-specific factors.
The forthcoming support zone of 3790-3510 holds critical importance, as it aligns with key technical levels and historical price action. Additionally, this range coincides with notable Fibonacci retracement levels, adding further credence to its significance.
Amidst this corrective period, it's imperative for investors to exercise caution and monitor price developments closely. While the downtrend persists, establishing strategic entry points within the aforementioned support zone could present lucrative opportunities for long-term investors.
Looking ahead, once the corrective phase subsides, BRI is poised for a resurgence, targeting the range of 8000 to 8200. This anticipated uptrend is underpinned by fundamental strengths and technical indicators, akin to the analysis provided previously.
Similar to any investment, risk management remains paramount. Monitoring market dynamics, company-specific news, and broader economic indicators will aid in navigating the inherent uncertainties of the market.
In summary, BRI is currently undergoing a substantial correction, with a projected support zone at 3790-3510, followed by a bullish resurgence towards the range of 8000-8200. Vigilance, coupled with a strategic approach to entry and risk management, will be instrumental in capitalizing on the potential opportunities presented by this market movement.
BRIS (Bank Syariah Indonesia)Bullish Trend Continues for BRIS with Correction Towards 2050 Support
BRIS is currently in a bullish phase, characterized by a consistent uptrend. However, the stock is undergoing a corrective movement towards the 2050 price level. Notably, this level coincides with a robust demand zone, reinforced by the presence of the Fibonacci retracement of 61.8%. Additionally, the price is positioned above the 21, 34, and 90-period exponential moving averages (EMA), further enhancing the support at this crucial level.
The correction towards the 2050 support presents an opportune moment for investors to enter or add to their positions in BRIS. The confluence of factors at this level, including strong demand and EMA support, suggests a high probability of a bullish reversal.
Looking ahead, the upside target for BRIS is in the range of 4600 to 4640. This target is derived from a comprehensive analysis of both technical and fundamental factors. From a technical standpoint, the bullish trend is expected to resume once the correction is complete, with the stock poised to surge towards new highs. Additionally, the fundamental outlook for BRIS remains favorable, supported by strong financial performance and positive industry dynamics.
However, it's essential to monitor key resistance levels and market dynamics closely. Potential obstacles to the bullish trajectory could arise from unforeseen economic events or shifts in investor sentiment. Risk management strategies should be implemented to mitigate potential downside risks.
In summary, BRIS is currently undergoing a corrective phase towards the 2050 support level, which presents a compelling buying opportunity. With strong demand and EMA support in place, the stock is poised for a bullish reversal, targeting the range of 4600 to 4640 in the near term.
#BBCA trade ideaprice is at support, wicked below, can go for one more wick close to S1, can be good short term trade, for higher levels need to break above orange zone
GOTOpedia - Strong upside reversal incoming GOTO has finished its accumulative phase after breaking out of the larger falling wedge. The stock has also formed a bullish inverted head and shoulder pattern and is looking for a strong break of 78 resistance level. Long-term target is at 109.
ELSA Cup and Handle PatternELSA has completed the Cup and Handle pattern. I use monthly timeframe to easier seeing the target.
However, even bigger cup and handle might be in sights in due time.
BBCA IdeaYesterday BBCA was down to 9200! i was confused neither hold nor buy more hahaha.
So i decided to buy more BBCA at 9225, base on my chart if BBCA go to 9300-9400 it is time to buy more in my opinion.
ACES (VCP - 21W 25/4 4T)I have my positions
March 19, 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, first breakout of a confirmed stage 2 uptrend
5. High relative strength
6. Volume dries up as less supply coming to the market
Flaws:
1. The market is still in a hard-penny environment, not much confirmation from the momentum stocks with only 25% of total stocks above the 200-day moving average
2. The index is moving higher but there are still less stocks setting up in this market
The stock breaks near the closing day and squats. I like to see if the stock can tighten up for one last contraction, resetting its pivot, before I consider adding more to my position.
$BMRI - Is Bearish Coming?IDX:BMRI is developing a huge Falling Wedges (Weekly Chart).
The Uptrend Line has been tested a few times and finally broke down on early May.
The target from the Falling Wedges pattern is around 3700-3800, is it too far? We might think so.
Here it is some of the interesting point to watch:
1) Current support area between 6150 - 6225
2) EMA233 Support around 4625 - 4650, it is aligned with current flat Leading Span B
3) Weekly RSI has been showing a bearish divergence, indicating a slowing upside movement, better watchout!
SIDO potential Butterfly Pattern and Cup&Handle (previous post)SIDO potential forming Butterfly pattern after successfully completed Point C and reverse to the upside.
Hopefully SIDO able to complete the pattern which is the next resistence and continue to reach the Cup&Handle pattern target (see previous post on Cup&Handle pattern)
TELKOM BUYtelkomsel looks like a good buy, bluechip stocks is safe to buy. resistance on 4440 level. recent price sitting on higher low. should be safe to enter.
BBRI Falling WedgeAs we can see, BBRI chart right now looks like a falling wedge, and why is BBRI jump up to 4%?
if we look at the price BBRI is on demand area, please make sure with your trading plan, and this is my opinion.
BBRI 4500My first target tomorrow is 4500 if succeed in breaking out at 4830, with some confluences daily POC around 4550 & Fibo golden zone 61.8.
BBRI 3 Apr 24RBS, Pattern, Vol
buy 5600 (50% cap) ; 5475 (50% cap)
price D1 closed under 5350 = consider CL 5575
T1 5850 ( RR 1:1)
T2 6100 (RR 1: 2.2)
T3 6700
BBRI 22 Apr overall risk:
the price already creating LL (orange) the risk is higher for me.
Strong support range 4830~ 4620 bottom purple box
but this is our chance to get discount price at LL / shadow MN. hoping it can reach the shoulder at minimum next month.
24Apr Earning & Revenue
Buy price:
-H4 fib & TL can be our buy range: 5100
-Also prepare for avg down if 24Apr report is red / under than estimate.
safety buy, wait D1 closed above 5350 then buy at retrace.
Target:
T1 5650
T2 5900
T3 as invest
no CL for me as long as the price D1 still above 4600 (+-10% SL). just play with the cap as long as your holding Avg price under 5650.
Disc: SL max at your own Money management plan
BBCA 5 APRthe last BBCA map already closed BEP (-0%)
yesterday price closed above 9775
this chart is 2nd try with new buy area.
remember that at this time, the wave already create new LowerLow means the risk is higher.. do your MM
or wait when the price near 9300 or above 10100 area if you dont want to take risk at current position.
Buy area 9775 ~ 9625
Price under 9575 = CL BEP or 9700
risk still the same, lower TL and SBR higher TF 9350 ~9200
ADRO 18 April 24Break up R & TL MN
Buy or Avg up 2720 50%cap ; 2700 50% cap
T1 2820 (Inside bar)
T2 2930 (next R)
T3 wait break up T2
Escape plan:
D1 closed under 2660 = CL BEP or at 2690.
SL is your MM tolerance
Risk : Wedge , liquidation
Support 2620
BMRI 3 Apr 24Buy 6650 ~ 6550
Price closed under 6450 = CL 6600
T1 7125
T2 7400
T3 Bullish trend, possible new HH (last low 6225 by Fib W1)
ICBP (MONTHLY) ELLIOT WAVE PREDICT : END OF ABC CORRECTION?ICBP most likely will make an impulsive movement (5 wave rally) after the big correction (ABC correction).
The new 5 impulsive movement is on the way and will take ICBP to new All Time High.
There is Falling Wegde Pattern too (Continuation Pattern), and the Stochastic in monthly indicate the price is already in Oversold area and start crossing + Bullish Divergence
But this is Monthly Chart we are talking about so just be Patient because it will takes Months or maybe Years.
But we know the Trend will became Bullish in Long game.
In Short ICBP Have
Trend : Bullish 5 Wave Rally
Pattern : Falling Wedge
Stochastic : Oversold (Already Crossing) + Bullish Divergence
TARGET PRICE 12575 or HIGHER (ALL TIME HIGH)
DISCLAIMER ON
Inco MarD1 Break up Resist ; higher high D1 ; break up TL Wage
Risk: down trend
buy 4050 1 pos
Close D1 under 3940 ( lower low) = Cutlosst 3990 (1.5%)
T1 4420 (7%)
T2 4680 (14%)
Avg up probably around 4240 if D1 closed above 4460 (Higher High)
