I have my positions
March 19, 2024
Reasons:
1. Low-risk entry point
2. Confirmed stage 2 uptrend
3. Has gone through a majority line of supply
4. A breakaway move, first breakout of a confirmed stage 2 uptrend
5. High relative strength
6. Volume dries up as less supply coming to the market
Flaws:
1. The market is still in a hard-penny environment, not much...
TikTok, owned by ByteDance Ltd., has entered into a significant agreement to invest $1.5 billion in a joint venture with Indonesia's GoTo Group. As part of this deal, TikTok will acquire 75.01% of GoTo's PT Tokopedia for $840 million. This strategic move involves integrating TikTok Shop's Indonesia business into the expanded entity, marking TikTok's return to the...
Price bounces on the ascending trendline . Most likely the chart will form a double bottom pattern . We will also find the possibility of forming a morning star chart pattern in a monthly time frame.
The price bounced at level 210. in the weekly time frame we get a bull candle. price is testing dynamic resistance (MA) to further test neckline resistance area.
Hi Realistic Traders, let's delve into the technical analysis of IDX:MEDC !
The current market trend for the stock unmistakably showcases a bullish continuation pattern, marked by consistent upward movement above the EMA200 Line, signaling enduring momentum. At the same time, MEDC has formed a descending broadening wedge pattern twice. In December 2023, this...
I think SSIA is about to break out of its triangle B wave. Let's see if it holds above the 200 week MA. The 20-week MA and 200-week MA is about to cross also.
At least we are going to 600. Hold tight
Yesterday's rally was pretty strong. Today's rally invalidated the 4th wave rule. I conclude that this is a textbook flat move.
Pretty damn interesting considering that the fundamentals supports the target price. We enter at the (ii) wave.
Good luck.
JPFA is looking interesting right now. Last week's volume gives me the hint.
Other complementary sentiments are the low corn price and Eid Mubarak most probably will boost JPFA's earnings this first quarter.
Stay tuned
After rebound in area 0.618 - 0.5 Fibonacci, BBRI could break all time high. If can break area 5700 and maintain above those level. It can go till 6300 where fibbo extension level is there
correction coming to an end
if anyone knows any decent picks in this index would appreciate a message
recon this should have some growth and time to plant the seed now for the next decade or so ..
identifying stocks now to likely buy in the summer
rsi going to bottom or oversold territory then should range and reverse ,
simples .
HRUM still in the uptrend (mothly timeframe). We still wait for the momentum to break falling wedge pattern. The TP is 6000, if HRUM can make the fifth wave of elliot wave
• Monthly
- Trend and momentum using Joe Rabil Method: Price is in presumptive uptrend (step 1 2 3 are complete).
- Elliot Wave Method: Mapping 12-(345)
- Harmonic Trading Method: Mapping: Bearish Bat (not drawn)
• Weekly
- Trend and momentum using Joe Rabil Method:
a. Price has been in an uptrend since Mar ’20.
Price continues making HH & HL and is above...
• Weekly – None
• Daily
- Trend and momentum using Joe Rabil Method: In Transition and leg since 24 Jan ’24 is presumptive uptrend.
- Elliot Wave Method: Mapping AB-(C) or 12-(345)
- Harmonic Trading Method: Mapping Bearish Bat
• 1H
- Trend and momentum using Joe Rabil Method: leg since 12 Feb ’23 is uptrend since price continues making HH & HL. Price is above...
High volume breakout, then low volume correction. I see Big player accumulation in price around 6300 - 6350. I expect inverted head and shoulder / triple bottom pattern. I'll cut my position if the price goes below 6000 (closing).
• Monthly
- Trend and momentum using Joe Rabil Method:
a. Uptrend since price continues making HH & HL. Price is above 18-month MA and 40-month MA; 18-month MA is rising and above 40-Month MA.
b. MACD shows improvement
- Elliot Wave Method: -
- Harmonic Trading Method: -
• Weekly
- Trend and momentum using Joe Rabil Method:
a. Uptrend since price continues...
