BUMI, one of trending stock with good news latelty, up/down watch the pivot area, probability bullish, sell @ Red area. If price breakdown (below pivot area) better go for another stock or buy @ Green area.
I secured my positions today
Why I bought the stock?
1. Low-risk entry
2. Long VCP setup
3. High relative strength
4. First base of confirmed stage 2 uptrend.
The stock broke out today on a huge volume, I like to see if it can hold up and follow through in the upcoming days.
After moving in the sideways trend for a while, ADMR made a descending broadening wedge pattern. Furthermore, ADMR has broken out of the Falling Wedge Pattern. The Breakout could indicate a possible starting point for the Markup Phase. The Markup Phase is the stage of price breakout of the trading range and starts to rise steadily. Therefore,...
JKON created a falling wedge pattern, in my opinion, yesterday they broke the upper trendline with a more significant volume than the average. Let's see if this can go to our target. Good luck and ride the wave!
HMSP. D1. Accumulation.
2 option for entry:
1. Buy on breakout. Entry at 950-955.
2. Near the support area. Entry at 905-915.
⚠️ Manage your expectation, because it still in bearish trend.
⚠️ Mind your money management.
SMRA . W1. Falling wedge pattern.
⚠️ Manage your expectation to set your entry. The SL is 11% from the last closing price (615).
⚠️ See detail in my previous post (SMRA in daily timeframe).
SMRA . D1. Falling wedge pattern.
SL 540. Manage your expectation, because the SL is 11%.
SMRA had broke the resistance. Then the resistance has become support. So it potential to go to unfilled order area (level 670-700).
My personally set the entry at 590, 610, 615 (layering). And if it closed under the support (610) I will exit, even though in theory the SL is...