rifqonr

CBUT - PRIMARY BASE

Long
rifqonr Updated   
IDX:CBUT   CITRA BORNEO UTAMA TBK
I secured my position today

The reasons I bought the stock:
1. Low-risk entry
2. IPO base at a low cheat level
3. Consist of the double-bottom fractal, a small pattern within a base.

The stock reminds me of Twitter's IPO in November 2013 and Murni Sadar Tbk (MTMH) in May 2022.

Trade active:
I sold half into strength at a decent +15% profit today.
Trade active:
I sold another half into strength at +42% profit today. I still have some positions to freeroll.
Trade active:
I sold another half into strength at +81% profit today. I still have last position to freeroll.
Trade closed: target reached:
The stock hits my backstop today at +72% profit. (Trade closed on 20.12.22)
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