rifqonr

MEDC - CUP WITH HANDLE

Long
rifqonr Updated   
IDX:MEDC   MEDCO ENERGI INTERNATIONAL
I bought my positions today
January 19, 2023

The reasons:
1. Low-risk entry
2. Cup and handle pattern
3. High relative strength stock
4. Constructive basing period
5. Outstanding fundamental basis.

The flaw:
The general market is declining, the breakouts are prone to failure.
Trade active:
I sold half into strength at +15% profit today.
Trade closed: stop reached:
Stopped out today at slightly below the breakeven point.

Trade closed: February 6, 2023.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.