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BBRI Is Going To Bottom in Mid-DecemberAfter a constant barrage of selling from March until June, and then quite of a rebound from 4100 to 5600 (almost 40%), BBRI continues to dive almost everyday since mid-September. This is supported by the huge foreign outflow BBRI has been suffering. Last Friday, BBRI's foreign outflow amounts to IDR823 billion. To put into perspective, IHSG Friday foreign outflow is IDR1.6 trillion, which means BBRI accounts for more than half of the outflow from IHSG. Technical wise, BBRI has now constantly being traded under its 200 day moving average for almost 3 months. BBRI will most likely complete the (iii) wave of the C wave next week around 4100. Volume on last Friday's trading is relatively large. This means selling has not eased yet. I believe BBRI will bottom under 4000 ; 3700-3800
IDX:BBRIShort
by MrSparkles69
1
NEST (VCP - 7W 8/3 3T)Position Update: December 6, 2024 Key factors: 1. Low-risk entry point. 2. A first proper and buyable base after an IPO. 3. Has gone through its majority line of supply. 4. Moving on its own drummer, the stock went up +96% while the index remains the same spot. 5. High relative strength stock. 6. Volume dries up as less supply coming to the market. 7. The breakout was confirmed with a notable surge in volume Considerations: The current market environment remains challenging, with broader indices showing uncertain and inconsistent behavior, failing to sustain a bullish trend. This is a quintessential VCP with clear contractions and a defined entry point. I’d like to see if it can hold up and follow through from here.
NLong
by rifqonr
PANI - LOW CHEATPosition Update: December 6, 2024 Key factors: 1. Low-risk entry point. 2. The stock offers a low cheat, a creative entry. 3. The stock moves so rapidly in the last couple months. 4. A 30% pullback from its all-time high indicates a normal profit-taking phase within the context of a broader uptrend. 5. High relative strength, outperforming the general market. 5. The stock is moving on its own universe and marching to its own drummer. 6. Volume diminishes during pauses, indicating less supply coming to the market. 7. The breakout was confirmed with a notable surge in volume, reflecting strong buying interest. Consideration : The current market environment remains challenging, with broader indices showing uncertain and inconsistent behavior, failing to sustain a bullish trend. This creates a "hard penny" environment, where gains are harder to secure and require precision. This is a creative early buy in anticipation of a possible cup-with-handle formation. The current setup presents an opportunity to establish a position at a low-risk entry while awaiting the potential development of a handle in the coming weeks.
PLong
by rifqonr
UNTR Buy Setup1. Trend Confirmation: Identified a Flag Pattern Consolidation after a bull, indicating a continuation in bullish market sentiment. 2. Fair Value Gap (FVG): On the Daily chart, identified Fair Value Gap between 25.400 - 26.125 3. Trade Execution Entry Price: 26.550 ( Engulfing Candle on 15 Nov 24) SL: 25.300 (below FVG) TP1: 31.500 (Previous High) Risk-Reward Ratio (RRR): 1 : 4 Monitoring: Check-in daily closing price 4. Outcome: Exit Price: Profit/Loss: pips ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
IDX:UNTRLong
by Phoenix-Rise-Trade
BIPI Buy Position1. Trend Confirmation: Identified a Change of Character by the break of the previous high at 81, indicating a reversal in market sentiment and a new bullish trend. 2. Fair Value Gap (FVG): On the Weekly chart, identified Fair Value Gap between 69 - 71. 3. Trade Execution Entry Price: 74 ( Engulfing Candle on 5 Nov 24) SL: 66 (FVG) TP1: 110 (1.618 Fibbo) Risk-Reward Ratio (RRR): 1:4.5 Monitoring: Check-in daily closing price 4. Outcome: Exit Price: Profit/Loss: pips ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
BLong
by Phoenix-Rise-Trade
PANI - POWER PLAYPosition Update: October 16, 2024 Key factors: 1. Low-risk entry point. 2. The stock offers two entry points with a very tight risk. 3. A power play on top of another power play, this is a strong sign of continuation of upward momentum. 4. Corrects 18% during this pause, indicating big institutions' reluctance to sell their positions. 5. High relative strength, outperforming the general market. 5. The stock is moving on its own universe and marching to its own drummer. 6. Volume diminishes during pauses, indicating less supply coming to the market. 7. The general market is in the early stages of a bull campaign. Consideration: Breakouts are not accompanied by substantial volume. This is a classic Power Play setup, featuring two viable entry points: a low cheat and the handle. My initial position was taken on October 11 from the low cheat. I’m looking forward to seeing further constructive price action moving forward.
PLong
by rifqonr
PTRO - POWER PLAYPosition Update: October 22, 2024 Key factors: 1. Low-risk entry point. 2. The pause formed a small cup and handle. 3. It surged over 100% within eight weeks. 4. Corrects only 15% during on the pause, indicating big institutions' reluctance to sell their positions. 5. High relative strength, outperforming the general market. 5. The stock is moving on its own universe and marching to its own drummer. 6. Volume diminishes during pauses, indicating less supply coming to the market. 7. The general market is in the early stages of a bull campaign. 8. Huge volume on the breakout. Consideration: Despite a favorable technical setup, risk should be managed diligently given the stock's sharp ascent and potential for profit-taking. Establishing stop-loss levels and monitoring market conditions is essential. This is a textbook Power Play setup. I’m looking forward to seeing further constructive price action moving forward.
PLong
by rifqonr
TPMA - CUP WITH HANDLEPosition Update: October 23, 2024 Key factors: 1. Low-risk entry point. 2. Very clear bases with VCP characteristics. 3. High relative strength stock. 4. Established a clear Stage 2 uptrend, indicating upward continuation. 5. The recent reduction in volume suggests diminished supply in the market. 6. Many stocks start showing traction based on my own stock continuum. 7. We are in the early phase of a larger bull market cycle, adding tailwinds to individual stock movements. 8. The market shows a constructive advance, with 55% of stocks trading above their 200-day moving average, indicating underlying market health. 9. Significant volume on the breakout, supporting the move’s legitimacy. Considerations: Risk should be managed properly given the stock's sharp ascent and potential for profit-taking. This is a textbook cup with handle formation which immediately showing its strength. The stock up 11% from my buy point today. I'll be closely monitoring its behavior to assess its ability to hold and build on these gains.
IDX:TPMALong
by rifqonr