Disclaimer: This analysis just serve for sharing purpose and not a buy call purpose.
As you can see above, solution experienced 4 contraction (C1, C2, C3 and C4).
Each contraction is getting smaller and the last contraction is less than 10%. (very important step in VCP)
Contraction less than 10% at the final contraction mean the supply in the market is less.
Whenever huge demand come it, the price will explode.
On 3rd November, price gap up and close with volume that more than previous day. I enter on 3rd Nov 2020.
With the vaccine news and our budget 2021 announced recently, vaccine counter really explode.
I have sold partially at 0.930 with 32% gain.
Bintai has the same pattern, but i pick solution due to it support by its MOU, Private Placement Announcement which seem more realistic for me.
Note:
VCP required patience to wait for the pattern fully developed.
As you can see above, solution experienced 4 contraction (C1, C2, C3 and C4).
Each contraction is getting smaller and the last contraction is less than 10%. (very important step in VCP)
Contraction less than 10% at the final contraction mean the supply in the market is less.
Whenever huge demand come it, the price will explode.
On 3rd November, price gap up and close with volume that more than previous day. I enter on 3rd Nov 2020.
With the vaccine news and our budget 2021 announced recently, vaccine counter really explode.
I have sold partially at 0.930 with 32% gain.
Bintai has the same pattern, but i pick solution due to it support by its MOU, Private Placement Announcement which seem more realistic for me.
Note:
VCP required patience to wait for the pattern fully developed.
Bình luận:
Solution forming pivot last few days, volume kick in yesterday while our beloved YB Khairy sign agreement with China. Today trigger people sell on news for profit taking. Price still strong at half candle support.
