BTPS A+ SETUP TEST IDEAnot 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 down candle that swipe below previous low time frame support that was overwhelmed by a big green candle upwards leaving behind the FVG (blue box)
TRADE ENTRY
1. the HIGH to OPEN of a green candle (breaker candle) before the down candle which I have noted with an arrow sign conflens with fibo discount
2. Target would be daily Void Above (the green zone/box) in the first picture
GTRA - PRIMARY BASEI bought my positions today
June 19, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. It has a very tight pivot level/line of the least resistance
4. High relative strength stock
5. Entry point at cheat area
The flaws:
1. The general market is still in correction
2. Lack of volume on the breakout today
The stock squats at the closing. However, I want to see some constructive action in the days to come.
Target 730-735Using SAR indicator after dividen distribution and down for a week, market maker will keep the price in average price.
Undervalued Stock with growthPE Ratio (TTM) 2.78
Price to Book Value 0.89
Current EPS (TTM)278.59
Net Income (Quarter YoY Growth) 95.14%
Mitra Pinasthika, week#25It has a potential to break IDR960.
But if it breaks IDR1065, we'll add some of its share
PT. Pembangunan Pemerintah, week#25If it breaks IDR600, next target will be IDR625
If it breaks IDR560, no need to add some
Interesting for Short termThe Big Money called Lord A. Salim is rumored to buy the stock
One of his man is sitting in top management position
Risk and Reward Ratio : 4/1
TP 67
SL 52
PBV 0.28
ERAA Buy on Weakness.ERA now on its way of intermediate wave (3) --
buy on weakness on correction wave (2) minor as a construction of wave
Stock recommendation of ERAA,
buy on weakness in range 474 to 480 - it is fibo range of 0.6 - 0.5
this bullish scenario will fail when price breakdown of 450.
SMGR bearish BAT pattern. inline with ABC wave posted earlierSMGR on the way forming the bearish BAT pattern, happens to be inline with completing ABC wave posted earlier. (see earlier post)
Not harmonic or wave expert. Just sharing my personal ideas.
Hope it works out well.
BTPS FORECASTInverted Cup and handle. Massive net foreign Sell. High volume when breakdown strong support.
ARTO: A Broken Downtrend!!!Finally, the minor downtrend IDX:ARTO has been broken.
By using Fibonacci Retracements, I set the target price cluster ranged from 3080 to 3470, then I picked 3280 as a base level to calculate its upside. It can give us 28% upside from current price 2540, that's premium!!
Let's think positive, and buy & hold!
EMTK: A Big Chance to Break Its DowntrendIDX:EMTK have a chance to break its minor downtrend if close above 710.
Let's find a decent target price above level 710, by using Fibonacci Retracements I found the target price cluster, ranged from 805 to 855, and I choose 830 as a base level to calculate % upside, it shows 34% as the potential upside from current price 620.
Don't think too much, a buy alarm soon will ring loudly!
-AJ-
BRPT Stock Movement ForecastHopefully forming Cup and handle or inverted head and shoulder in a bigger view. Volume and flow is quite good. Broker summary shows some serious accumulation from foreign.
I set my long position on 740 - 750 range which was super strong support area (unfortunately already breakdown). I see some counter buying in price range 720 - 730.
Typically slow movement stock, hope my long position in this stock won't let me down.
TLKM Stock Movement ForecastVolume is good. Chart rebound on Fibonacci golden area (0,68 - 0,50) which is also area of very strong horizontal support. Broker summary seems average. Hopefully forming cup and handle pattern.
BMTR Prediction (Long)BMTR hopefully forming double bottom.
High volume when the chart is rising, but during corrections the volume is very low. RSI Golden Cross. Broker summary also shows there is some accumulation from foreign.
INDY: Inverted Head & ShouldersDuring its super cycle, IDX:INDY forming an Inverted Head & Shoulders pattern with expected target price around 8900 on Q4'25.
Currently it forms low (L) - higher low (HL) - higher low (HL), the upcoming HL supposed to be around level 1375 to 1535, somewhere in Q3'23.
Do you agree to put IDX:INDY into a long-term investment basket?
Think positive!
-AJ-
Harmonic Pattern on $MDKAHARMONIC PATTERN on MDKA
Dropped from Descending Triangle pattern , now bounce right exact on support , based on my analysis it will bounce from my entry up to support that turned to resistance. Let see
FITT - CUP WITH HANDLEI bought my positions today
April 26, 2023
The reasons:
1. Low-risk entry
2. Cup and handle pattern
3. The stock up 100% more before forming this cup and handle
4. High relative strength stock
5. Constructive basing period
6. The stock is in its first base breakout
GIAA garudaCP down . a bit risk, but consider this big company with cheap price now.. 1 hit 1 kill minimum to 100 up to 180, above this consider investment , GGIA will Collab with Singapore Airlines
Price to buy, under 60
Resist / TP @ 100 , 150 , 180
