Applying Technical Analysis in multiple time frames: $NICE• 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 18MA and 40MA; 18MA is rising and above 40 MA.
- Elliot Wave Method: as per daily TF
- Harmonic Trading Method: as per daily TF
This
SMGR LongHigh 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).
Long
Applying Technical Analysis in multiple time frames: $BBCA• 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 making HH & HL. Price is above 18-week MA and 40-week MA; 18-week MA is rising and above 40-week MA.
b. MACD is rising as per price
- Elli
NCKL Elliott Wave CountAnother nickel-related stock. Earnings wise is quite good compared to MBMA. PE < 10, PBV is still quite expensive.
It's very interesting since NCKL's management has set the MHP (Mixed Hydroxide Precipitate), EV battery raw ingredient production to double in 2024. Earnings will get significant boost due to this. Nevertheless, we have to pay attention to nickel price since it has fallen for quite some time.
I think it will bottom somewhere in 500-600-ish range. Stay tuned.
MEDC got potential gap in 1405-1435for my friend he asked about this one
potential buy to 1405-1435 as long 1160 support strong
AMMN (VCP - 11W 30/4 3T)I bought my positions today
February 12, 2024
Reasons:
1. Low-risk entry point
2. Confirmed stage 2 uptrend
3. Has gone through a majority line of supply
4. An early IPO stock to has big upward momentum to considered a leader in this type of market
5. High relative strength
6. Volume dries up as less supply coming to the market
7. A decent volume on the breakout
Flaws:
1. The market is still in a hard-penny environment, not much confirmation from the momentum stocks with only 25% of total s
Long
PGAS BUY if BREAK 1195PGAS BUY if BREAK 1195
if it is able to break and stay above level 1195, PGAS has the potential to strengthen to 1530 with minor targets of 1280 and 1415
Stop loss 1140
Long
BMRI: Hidden Bullish Divergence, New All-Time High Soon?Hello Fellow Stock Traders, Here's a Technical Analysis of BMRI!
After successfully overcoming a significant resistance area, BMRI (Bank Mandiri) experienced a subsequent pullback, thereby establishing a new support level. Analyzing the trend perspective, it is observed that BMRI's price movement surged above the EMA 34 Line, which is a promising indicator of a bullish trend.
Additionally, the stock has formed a symmetrical triangle pattern, accompanied by an impulsive breakout represented by
Long
INCO Elliott Wave Count2023 was a bad year for INCO, and it I think it will continue being depressed for 2024 given the oversupply nickel condition.
I will make an entry after the (v) wave of the third wave ends. Wave 5 is gonna end somewhere around the 2000 level I believe.
BMRI - CUP WITH HANDLEI bought my positions today
January 4, 2024
Reasons:
1. Low-risk entry point
2. Confirmed stage 2 uptrend
3. Has gone through four majority line of supplies
4. Offers multiple entries at a cheat area and a handle
5. The base has VCP characteristics
6. High relative strength
6. Volume dries up as less supply coming to the market
7. Huge volume on the breakout
Flaws:
1. The market is still in a hard-penny environment with only 32% of total stocks above the 200-day MA
2. The index is moving hi
Long
BNGA: Banking's Bullish Outlook May PersistsHi Fellow Traders!
The current trend indicates a bullish continuation pattern , characterized by the price making new highs and new lows. Following this, there is a significant breakout from the falling wedge pattern, accompanied by substantial trading volumes and the appearance of a bullish marubozu candlestick. Additionally, the Stochastic has also formed a golden cross in the oversold area, indicating the potential for an upward movement in BNGA. Through a comprehensive analysis of these te
Long
RAJA Elliott Wave CountElection stock. Related to the bull party.
Technical-wise is very interesting. Currently hanging around the previous ATH level. Correction happening right now has low volume compared when RAJA broke its own previous ATH.
I think it is going to 2000.
Long
BRIS Elliott Wave CountAnother hot stock. Sharia bank. Foreign institutions love this stock.
I wouldn't enter now. Wait for the fourth wave to develop.
Long
ADMRThere is Bearish divergence in timeframe 1H with downside target around 1400-1390. Broker summary show some serious accumulation in price around 1350 - 1400. I will start buying ADMR from 1390 - 1350 and set stop loss if the price hits 1290.
Long
INDY Elliott Wave CountIs INDY set to make a Head and Shoulders pattern by making and upside correction?
The chart tells me so. We are at a demand zone from 2021 as you can see from those choppy candles. I believe theres little risk if we enter now.
PTBA Elliott Wave Count Scenario 2In this scenario, we are also on the (b) wave of the (X) wave. I expect PTBA to drop again for a bit.
The 200-day MA could offer a strong resistance for the (c) wave. It could poke through, but I think its gonna continue to the downside afterwards.
PTBA Elliott Wave Count Scenario 1I believe we are in the B wave of the latest ABC correction to the upside. I'll post my other slightly different scenario than this one.
Please do share your ideas if you count any different from what I did. Thanks
TSPC - CUP WITH HANDLEI bought my positions today
January 8, 2024
Reasons:
1. Low-risk entry point
2. Confirmed stage 2 uptrend
3. A long base cup and handle formation
4. One inside day pause in the handle area
5. The base has VCP characteristics
6. High relative strength
6. Volume dries up as less supply coming to the market
7. Huge volume on the breakout
Flaws:
1. The market is still in a hard-penny environment with only 31% of total stocks above the 200-day MA
2. The index is moving higher but there are still
Long
EMTK BUYsupertrend 4H buy, MACD DEMA menuju golden crossing, Market cap 28 should be difficult to manipulate
Long
Long