not shown in this image is the weekly time frame which current candle (June 16th 2023) has raided previous weekly low and stay above the support.
In the daily chart we can see a green candle is traded above previous low candle (June 13th 2023), that suggest there is a possibility to trade higher.
Zoom into hourly chart, it is clearly a setup that starts with a...
-24 march 2021 trading analysis BTPS
Disclaimer: This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and...
BTPS close today at 3570 (testing support Fibo 61.8). There was no sign of reversal. If the price is still going down, the nearest support will be at 3430-3470. But if there is a reversal signal, the TP will be 3900.
Summary
Wait n see
Just leaving a mark here and let the future me do some throwbacks when i want to in the future
A falling wedge pattern is forming, note that there is a fail breakout. At the moment, it is retesting at its support level around 3600-3700, and its long term upward sloping support (its channel, blue colour line)
If it manages to break its:
- 10,50,100 MA
- downward...
BTPS FORMING A PATTERN CALLED BULLISH FLAG,
THIS PATTERN CAN LEAD BTPS TO @4790 (BUT HAVE TO BREAK THE FLAG TRENDLINE FIRST!)
AFTER BREAK AND THAT DAY THE CANDLE CLOSED ABOVE THE TRENDLINE IS THE KEY TO 4790
AFTER BREAK AND RALLY, PRICE HAVE TO RE-TEST (PULLBACK/SECONDARY REACTION) TO THE TRENDLINE.
CUTLOSS AREA @ 3930 OR BREAK THE LOWER TRENDLINE OF THE BTPS....
BTPS terlihat menarik dengan break triangle dengan volume cukup mengagumkan, bisa beli di area 3340-3370 atau buy on break out resistance kotak kuning. Target harga di 4150 atau di area resistance kotak merah.
Buy @ RSI 43.94 or 4430-4470
Saham yang bagus buat day trading karena sering melonjak
TP
4870(Bila tidak break out resistance)
5000-5060(Bila tidak break All Time High)
Sesuai tp trading plan bila break ATH
CL <4430, break support uptrend
Disclaimer ON
