ADARO Wave analysisAt this point I expect ADARO to go up. here are some reasons
1. Elliot wave analysis on Adaro shows that it is currently correcting (Zigzag) and will form the last impulsive wave (wave 5)
2. Adaro is in a tight supply and demand area at Fibbonacci 38.2%-61, 8% .
3. The resistance line at 1900 has been broken (round numbers crossed are usually a good sign).
4. if you look at the H1 chart, a symmetrical triangle is formed which is rebounding.
If I buy this stock then I will buy it now with SL 1 at 1245 and SL 2 at 1005 with TP at exactly 3000. However, it is better to consider the fundamentals of the company.
MBAP - CUP WITH HANDLEI got into a full position today on this classic cup and handle pattern.
This is not the environment for a full 25% position, but I see the very constructive price action and fundamentals in the stock.
However, on the closing day, the stock keeps coming down to its breakout level and forces me to reduce my position in half.
BLong
INCO Descending Broadening WedgeINCO . Daily TF. Descending broadening wedge pattern. Already breakout the pattern. TP1 7125, TP2 8250, TP3 10550. But take note, there is a gap at 6450-6525. It might go down to that level to fill the gap after hit TP1, before it take off to chase TP2 and TP3. SL 5725.






















