PT Astra Otoparts Tbk
No trades
Market insights
AUTO still going strong to complete Wave 5As stated before, AUTO will complete Wave 5 but looks like it will be much sooner than anticipated.
AUTO journey to complete next wave. See previous post as wellAs stated in previous posting, AUTO has completed the small wave and looking for bigger wave completion.
Still long journey but hope for the best.
AUTO completed Small Wave, looking for next bigger waveAUTO move to complete small wave thanks to record profit announcement.
Looking for AUTO to complete next big wave. I will post the big wave in next chart
AUTO - FLAT BASEI bought my positions today
June 8, 2023
The reasons:
1. The stock offers a low-risk entry point
2. It developed a small cup-and-handle pattern
3. It outperformed the general market
4. It has a high relative strength line
5. It has VCP characteristics
6. It breaks out with a huge volume
Flaw:
1. The market is still in a correction
2. Lack of setup in the market
@AUTO, should we buy ?BUY only if only MFI indicator reversing to the upside which currently is still going down.. WAIT FOR IT
