DoctorStonks

MDKA (Swing Trading, January 2021)

Short
IDX:MDKA   MERDEKA COPPER GOLD TBK
Trade at your own risk. Personally, I sensed a high risk. Jan 12 2021, opening from 9.00 from 2540 to 2570, down to 2510 in 9. 05 . Let's see how down can it goes.. It's 2520 in 9.07 as i was typing this

Comment: MDKA was stable around 2490-2500. There was a 2480 buying opportunity. To even close from 2480 (buy1) to 2500 (buy3), is a good sign that the next day might not be declining. Will it increase? see next Monday. Traders should let go once they gain much profit since this is speculative. cut loss if the stocks underperform in 2 weeks
Order cancelled: Downtrend to 2450. I don't like this. Like i said before

"Personally, I sensed a high risk". It is speculative to predict the increase in share price, while it keeps going down, making it bad for Swing Trading. Trading opportunities can be seen from days, how the growth performs. I don't sense it with this one. Less popular stock, less demand