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BMRI: Hidden Bullish Divergence, New All-Time High Soon?Hello Fellow Stock Traders, Here's a Technical Analysis of BMRI! After successfully overcoming a significant resistance area, BMRI (Bank Mandiri) experienced a subsequent pullback, thereby establishing a new support level. Analyzing the trend perspective, it is observed that BMRI's price movement surged above the EMA 34 Line, which is a promising indicator of a bullish trend. Additionally, the stock has formed a symmetrical triangle pattern, accompanied by an impulsive breakout represented by a bullish candlestick formation. Such patterns typically imply potential upward momentum and are considered positive signs for further price appreciation. Furthermore, the MACD (Moving Average Convergence Divergence) indicator has displayed a hidden bullish divergence, indicating the possibility of the ongoing bullish trend extending further. In summary, the technical analysis of BMRI reveals multiple favorable factors, including the breach of a substantial resistance area, a bullish trend indicated by the EMA 34 Line, a symmetrical triangle pattern breakout, and the hidden bullish divergence on the MACD. Traders and investors may interpret these signals as potential indications of an upward continuation in BMRI's price movements. As always, prudent risk management practices should be employed before making any investment decisions. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below! Disclaimer: Please note that this analysis is solely for educational purposes and should not be considered as a recommendation to take a long or short position on IDX:BMRI .
IDX:BMRILong
by financialfreedomgoals101
BBRI: Rising Net Profit, Potential for a Bullish Run Ahead?Hi Realistic Traders. Here's my price action analysis on BBRI! BBRI has once again surged above its bullish trendline, maintaining its bullish trend. Additionally, the stock has shaped a bullish divergence and a descending broadening wedge pattern. These combined patterns often signal a strong likelihood of continued bullish momentum. Most notably, it has recently broken through the upper trendline, suggesting a compelling opportunity for further upside movement toward the target area. Fundamental Driver: In September 2023, BBRI reported a consolidated net profit of Rp44.21 trillion in the third quarter of 2023, marking a 12.47% increase from the same period in the previous year when it was Rp38.31 trillion. This positive development supports the projected outlook." it is essential to note that the analysis will no longer hold validity once the target/supprot area is reached. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on IDX:BBRI ." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
IDX:BBRILong
by financialfreedomgoals101
IDX:BBCA Death Cat BounceEnglish: After two days the market has been trying to break the price at 8725-8700 but there was a refusal, so BBCA will have the opportunity to make a death cat bounce (a bounce for a deeper correction). With a correction target it can reach 8475. While a rebound target is 8900-8950. Bahasa: Setelah dua hari pasar berusaha menjebol harga 8725-8700 namun terjadi penolakan, maka BBCA akan memiliki peluang melakukan death cat bounce (pantulan untuk koreksi lebih dalam). Dengan target koreksi bisa mencapai 8475. Sedangkan target pantulan 8900-8950.
IDX:BBCALong
by deSultanTM
BBCA on HnSBBCA is now forming a Head and Shoulder pattern. Supporting the gap on 7625, the possible scenario is this stock will drop to that area before it makes a turnover. Investors are to expect around -12% (Calculated from today's -6th Feb 2023- price) and traders could be taking this chance to short the stock while it drops. If you are looking to invest in this stock and you haven't put your money into it, better put it on hold because "Sell on May" is gonna be real this year. Prepare to buy the dip. SVA, February 6, 2023
IDX:BBCA
by Sai_Arathi
LQ45: POTENTIAL BRIGHT BULLISH OUTLOOK FOR INDONESIA STOCKSHello Enthusiast Indonesia Stock Investor/Trader. Here's free outlook for potential Index Movement. Please give us thumbs up, follow, and comment your opinion on the outlook to support the channel. Let's GROW TOGETHER to become matured trader :) LQ45 is an Indonesia Stock Market Index which consists of 45 liquid traded stocks. LQ45 could be use as an indicator for forecasting potential Indonesia stock outlook. LQ45 has broken out of the bullish flag. Afterwards, LQ45 retested the structure and broke out of the near resistance. The MACD indicator already crossed above the zero level area, it signify the potential bullish bias on the index. The roadmap will invalid after exceeding the support/target area. DISCLAIMER: THIS IS NOT A RECOMMENDATION TO BUY OR SELL THE INDEX.
IDX:LQ45Long
by financialfreedomgoals101
2
BSDE: INDICATION OF POTENTIAL REVERSAL IN REAL ESTATE STOCK?Hello Stock Market Enthusiast! Here's the Long-term outlook for BSDE , Support the Channel by smashing the FOLLOW and LIKES Button, then Share your opinion in the Comment Section below :) BSDE is broken out of the falling wedge pattern. The golden cross signifies a potential bullish movement ahead on BSDE, potentially to the target area. The roadmap will be invalid after reaching the support/target level. Disclaimer: The outlook is only used for Educational Purposes, The Creator doesn't responsible for any of your trade position or other financial decisions*
IDX:BSDELong
by financialfreedomgoals101
INDF: Consumer Good Sector is Reviving, a Bullish Outlook ahead?Hello Stock Market Enthusiast! Here's the Long-term outlook for INDF, Support the Channel by smashing the FOLLOW and LIKES Button, then Share your opinion in the Comment Section below :) INDF is broken out of the descending broadening wedge pattern. The golden cross signifies a potential bullish movement ahead on INDF, potentially to the target area. The explanation is already presented in the chart. The roadmap will be invalid after reaching the support/target level. Disclaimer: The outlook is only used for Educational Purposes, The Creator doesn't responsible for any of your trade position or other financial decisions*
IDX:INDFLong
by financialfreedomgoals101
BBNI: BRIGHT FUTURE OUTLOOK OF BANKING SECTORHello Stock Market Enthusiast! Here's Long-term outlook for BBNI, Support the Channel by smashing the FOLLOW and LIKES Button, then Share your opinion on the Comment Section below :) *BBNI created a Falling wedge pattern on Daily Timeframe *BBNI has broken out of the falling wedge which indicates a potential bullish movement ahead *MACD indicator already crossed up above the zero level area, that signify the stronger bullish momentum may remains in the future. The roadmap will be invalid after exceeding the support/target level *DISCLAIMER: This isn't a recommendation to buy or sell forex pairs,only an Outlook from technical perspective.
IDX:BBNILong
by financialfreedomgoals101