BBRI in accumulation zone
Updated
BBRI has been beaten down badly in the last 2 months.
Market fear the increasing NPL and worsen economy but forgetting that BBRI still posted record profit recently. (BBRI has highest profit in Indonesia)
Management also initiated a stock buyback to support the prices.
So, if your stomach can withstand the downturn period for some time, this is the time blue chips can give you massive return in not so distance future.
Market fear the increasing NPL and worsen economy but forgetting that BBRI still posted record profit recently. (BBRI has highest profit in Indonesia)
Management also initiated a stock buyback to support the prices.
So, if your stomach can withstand the downturn period for some time, this is the time blue chips can give you massive return in not so distance future.
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BBRI just hit the Point D and bounce up. Still early to say it is reversals but good range for accummulation anyway.Trade active
If BBRI not making Lower Low again, we probably already see the bottom.Let's see the month of July how it goes.
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If BBRI managed to hit First Target, will be a good idea to take some profits off the table since we do not know if the bounce is sustainable or not for now. Of course, as investors that has longer time horizon, no issue with holding for higher profits target as company still profitable and sharing dividends to investors.
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Congrats for those still holding and already took profits on first target.
I am still holding strong as I am a long term investor in BBRI
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