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$DATA on zero demandIt is clear that the accumulation phase that has occurred since the first week of trading in July 2024 seems to have just finished and now an empty demand zone has been created and will be abandoned by further price movements to find a new demand zone, which is currently at the first resistance as the supply area the nearest one (R1) is 392 to continue to the next supply area (R2) at 466. There is a strong pin bar to mark the end of accumulation i.e. inverted hammer (arrow)
D
by tandrylaksana
BIKE - CUP WITH HANDLEI bought the stock July 8, 2024 Reasons: 1. Low-risk entry point 2. Confirmed stage 2 uptrend 3. Has defined a classic C&H formation 4. It moves strong in the opposite side of market direction in its cup development 5. High relative strength 6. Huge volume on the breakout Flaws: 1. The market is still in a hard-penny environment with only 23% of total stocks above the 200-day MA 2. Very less stocks setting up a buy-able area I'm still trading small until I see some traction in the market. Hence, I like to see some follow through action from now.
BLong
by rifqonr
PDPP (VCP - 6W 14/4 3T)I bought my positions today July 11, 2024 Reasons: 1. Low-risk entry point 2. Confirmed stage 2 uptrend 3. Has gone through its majority line of supply 4. Moving on its own drummer, the stock went up +88% while the index gone sideways on ytd. 5. High relative strength 6. Volume dries up as less supply coming to the market 7. A huge volume on the breakout Flaws: 1. The market is still in a hard-penny environment, not much confirmation from the momentum stocks with only 23% of total stocks above the 200-day moving average 2. Very few stocks setting up at this time I like to see some follow through action from now.
PLong
by rifqonr
INCO - Potential forming Gartley on Daily (VERY SPECULATIVE)This is VERY VERY SPECULATIVE PREDICTIONS on Gartley Pattern forming on Daily timeframe for INCO. This prediction assuming price will complete the pattern although still in very early stage. So take the predictions with lots of considerations based on your own research. INCO is undergoing rights issue, and the rights issue price is 3050, so still way below current price. There might be possibilities price will drop to 3050 as well which will invalidate this prediction. 27 June is last day for exercising the rights issue, hopefully we don't see price drop to 3050. FINGER CROSSED !!!
IDX:INCOLong
by sahamihsg
INCO - Potential BAT pattern on Weekly (VERY SPECULATIVE)This is VERY VERY SPECULATIVE PREDICTIONS on BAT Pattern forming on Weekly timeframe for INCO. This prediction assuming price will complete the pattern although still in very early stage. So take the predictions with lots of considerations based on your own research. INCO is undergoing rights issue, and the rights issue price is 3050, so still way below current price. There might be possibilities price will drop to 3050 as well which will invalidate this prediction. 27 June is last day for exercising the rights issue, hopefully we don't see price drop to 3050. FINGER CROSSED !!!
IDX:INCO
by sahamihsg