WHY I BOUGHT ASII RECENTLY

2 nov 2021

ASII

Well, this is my first time writing my opinion or just simply my analysis upon a stock that caught my eyes recently.
So, I guess my writing would be hard to understand or something, please be kind :)

ASTRA INTERNATIONAL TBK (ASII)
I was interested in this stock since 4th October 2021 when it broke the 5550 price mark. With that, I suppose the downtrend of this stock was already done and I saw that this stock will have a new strong uptrend, since IHSG (COMP) was starting to have a higher highs and broke all the supports it had.
When the index was in the strong bullish momentum, I checked most of Indonesian's blue-chip stocks, including ASII, and they also had a strong bullish chart.

Now, go back to ASII.
Initially I was hoping that ASII would be drawn back to 5550 price mark (that was my buying area (5300 - 5550) and I would buy it as soon as it has a reversal pattern (green doji, hammer, or anything u can name of a reversal candle pattern). But well the market said otherwise and long story short, it flew to 6450.
But on 22nd October I saw that this stock was having a retracement that will soon end, and I was hoping it would be drawn back to 5900 - 6100 price mark (that was my new buying area). SO IT WAS DRAWN BACK !!
on 28th October, like I said before, the GREEN DOJI appeared!
I had an entry plan for that, which was waiting the stock to break the DOJI HIGH (6175) and put the "buy limit" at 6100 (my buying area).
On the 29th October it really flew beyond the 6175 price mark, so I placed the buy limit at 6100, and I let the price do the magic (since I was having a holiday in Bali) so I couldnt actually watching the stock 24/7.
Long story short, I got the stock at 6025!!
Now it slowly regaining its power to get back on the UPTREND.

Well, that was my story on how and why I get into the ASII stock.
Im sorry for lacking experience of writing this kind of thing. I hope you understand.
Thank you for your time.
Just contact me if you need to ask some questions about this and that, I am willing to help you as best as I could.