BBCA Buy on Breakout
Weekly Chart > Indicator: MA100 & 200, MACD & Stochastic Default Setting
- MA > The last price in weekly chart moving above MA100 and the MA100 moving above MA200, which mean the price still moving in the good uptrend side
- Stochastic > Down to over sold area
- MACD > MACD line cross down the signal line in positive area and the histogram seen negative
Daily Chart > Indicator: MA100 & 200, MACD & Stochastic Default Setting
- MA > Price moving in the uptrend area but is experiencing sideways in several weeks due to ATH resistance
- Stochastic > Over sold
- MACD > Sideways signal and small histogram
Fundamentals:
Income Statement > BBCA income summary shows a relatively stable increase even though in 2020 there was a decrease in net income from the previous year
https://www.investing.com/equities/bnk-central-as-financial-summary
Strategy:
Buy BBCA when Weekly Chart breakout from the resistance area which will be retested the price in the 35600-36975
Purchases can be made for 1-2 ticks above the resistance area in anticipation of a false breakout and place a stop loss if necessary
The Fibonacci cluster line shows the resistance area after the breakout will occur in the 45800-47775 area and can be used as a profit target
DISCLAIMER:
- All material contained in this content is for educational purposes
- We are not responsible in your loss or gain
- Always do your own research
- Always understand the markets are very risks and please use financial management for your investments
- MA > The last price in weekly chart moving above MA100 and the MA100 moving above MA200, which mean the price still moving in the good uptrend side
- Stochastic > Down to over sold area
- MACD > MACD line cross down the signal line in positive area and the histogram seen negative
Daily Chart > Indicator: MA100 & 200, MACD & Stochastic Default Setting
- MA > Price moving in the uptrend area but is experiencing sideways in several weeks due to ATH resistance
- Stochastic > Over sold
- MACD > Sideways signal and small histogram
Fundamentals:
Income Statement > BBCA income summary shows a relatively stable increase even though in 2020 there was a decrease in net income from the previous year
https://www.investing.com/equities/bnk-central-as-financial-summary
Strategy:
Buy BBCA when Weekly Chart breakout from the resistance area which will be retested the price in the 35600-36975
Purchases can be made for 1-2 ticks above the resistance area in anticipation of a false breakout and place a stop loss if necessary
The Fibonacci cluster line shows the resistance area after the breakout will occur in the 45800-47775 area and can be used as a profit target
DISCLAIMER:
- All material contained in this content is for educational purposes
- We are not responsible in your loss or gain
- Always do your own research
- Always understand the markets are very risks and please use financial management for your investments
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.