BIKE - CUP WITH HANDLEI bought the stock
July 8, 2024
Reasons:
1. Low-risk entry point
2. Confirmed stage 2 uptrend
3. Has defined a classic C&H formation
4. It moves strong in the opposite side of market direction in its cup development
5. High relative strength
6. Huge volume on the breakout
Flaws:
1. The market is still in a hard-penny environment with only 23% of total stocks above the 200-day MA
2. Very less stocks setting up a buy-able area
I'm still trading small until I see some traction in the market. Hence, I like to see some follow through action from now.
PDPP (VCP - 6W 14/4 3T)I bought my positions today
July 11, 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 +88% while the index gone sideways on ytd.
5. High relative strength
6. Volume dries up as less supply coming to the market
7. A huge volume on the breakout
Flaws:
1. The market is still in a hard-penny environment, not much confirmation from the momentum stocks with only 23% of total stocks above the 200-day moving average
2. Very few stocks setting up at this time
I like to see some follow through action from now.
INCO - Potential forming Gartley on Daily (VERY SPECULATIVE)This is VERY VERY SPECULATIVE PREDICTIONS on Gartley Pattern forming on Daily timeframe for INCO.
This prediction assuming price will complete the pattern although still in very early stage.
So take the predictions with lots of considerations based on your own research.
INCO is undergoing rights issue, and the rights issue price is 3050, so still way below current price.
There might be possibilities price will drop to 3050 as well which will invalidate this prediction.
27 June is last day for exercising the rights issue, hopefully we don't see price drop to 3050. FINGER CROSSED !!!
INCO - Potential BAT pattern on Weekly (VERY SPECULATIVE)This is VERY VERY SPECULATIVE PREDICTIONS on BAT Pattern forming on Weekly timeframe for INCO.
This prediction assuming price will complete the pattern although still in very early stage.
So take the predictions with lots of considerations based on your own research.
INCO is undergoing rights issue, and the rights issue price is 3050, so still way below current price.
There might be possibilities price will drop to 3050 as well which will invalidate this prediction.
27 June is last day for exercising the rights issue, hopefully we don't see price drop to 3050. FINGER CROSSED !!!
TLKM IDXTLKM has had a poor pattern so far, even though TLKM has quite good company fundamentals, penetration of its business network has been somewhat stagnant because it has expanded earlier than other brands in Indonesia. TLKM was stung because its investment in GOTO, which is now controlled by Bytedance, did not go well, apart from that, all GOTO founders resigned. Apart from that, Starlink entering Indonesia is a big threat to TLKM because it is very unfortunate that TLKM's internet services such as Indihome and several other products do not deny that there are lots of complaints from users. which causes or is feared that they will switch to using other brands such as EXCL, ISAT, or the one that looks very promising, namely Starlink.
But you need to remember that TLKM is a state-owned company which is very likely to be assisted by regulations and saved by the state at all costs, because one of the sensitive matters, namely user security, is a topic to be considered.
price predictions from us.
1 year ahead: IDR2800 - 3400
Next 3 years: IDR3600-4000 or 2200-3300 (depending on how the company responds and assistance from the government)
To discuss with me further, please comment below.
EXCL - IDX XL Axiata outlookEXCL has excellent fundamentals. From year to year the company grows and it is still possible to penetrate and develop services, for example the entry of XL Home to various regions in Indonesia. then also the issue of the LINK merger with XL Axiata and FREN, I think it will be a very good catalyst. where the company's expenses will be reduced and the combination of customers will generate profits for the company. Apart from that, EXCL leaders have carried out a lot of communication to collaborate with Elon Musk's Starlink.
reasonable price target in my opinion:
2024 = IDR 3240 per share
2025 = IDR 4600 per share
2026= IDR 5200-5800 per share
This is a golden opportunity for you to buy it.
To discuss with me further, please comment below.
BSDE potential forming HnS confluence with Gartley PatternBSDE pullback from cup and handle neckline. Potential forming HnS pattern with pullback target (rough estimate only) confluence to Point C of Gartley Pattern.
If price pullback to Point C of Gartley and back up to HnS neckline, the HnS pattern will be completed and hopefully continue to the upside to complete the Gartley Pattern.
Finger Crossed !