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.
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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 .
BMRI
MDKA Buy Speculation Analysist 30th May 2023MDKA is in down movement, probably gonna make price retracement (price probably at a support area right now).
Probably willing to buy in 3030 - 2800 area (average down recommended).
MDKA have probability to go down to 2770 (Stoploss when price hit 2770 or below)
Target Profit at 3600 (or take profit when 10% profit).
THIS IS FAST TRADE, so you can TP when you get 10% profit minimum.
Risk Reward ratio 1 : 2 to 3x
Good luck.
BMRI - CUP AND HANDLEBMRI has made a cup and handle pattern and has breakout.
Potentially longterm BMRI will go to Rp12,100 (last target).
But before we see BMRI moving upward, we'll see a retest on the area Rp10,300-Rp10,350. And that's where I will be putting my trades on.
Take Profit target 1 is at Rp11,000 & don't forget to set breakeven.
Stop loss is area Rp10,150.
This is a 1:4 risk ratio trade.
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.
LPPF: RETAIL INDUSTRY RECOVERY AHEAD?Hello Enthusiast Stock Traders! Here's Long-Term Outlook for LPPF , Support the Channel by Smashing Follow & Like Button, also Share your opinion on the comment section below!
LPPF is breakout of the Falling Wedge Pattern. Breakout of the falling wedge pattern is a confirmation of potential bullish movement. The momentum indicator already crossed above the zero level area, it could indicate a potential bullish bias ahead.
The roadmap will be invalid after exceeding the support/target level.
*DISCLAIMER:
This isn't a recommendation to buy or sell stock and only an Outlook from technical perspective.
BMRI - CUP WITH HANDLEA classic Cup-with-handle with VCP characteristic on its handle, very exciting. I got my starting position today, and I am watching this stock closely now. I like to see a breakout with institutional sponsorship/huge volume soon.
The market is currently quite volatile, I'm using a mathematical stop to protect my equity. As my last couple of trades doesn't work so well, I'm trading my smallest with the lowest possible risk possible now.
INKP: NEW LONG OPPORTUNITY ON PULP AND PAPER INDUSTRY?Hello Enthusiast Stock Traders! Here's Long-Term outlook for INKP , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
INKP broke out of the falling wedge and retested the upper trendline. The MACD already crossed above the zero level area, it signify the potential upside movement ahead.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the Stock.
BBRI: SIGN OF OPTIMISM IN INDONESIA BANKING STOCKS?Hello Enthusiast Stock Traders! Here's Long-Term outlook for BBRI , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
BBRI has broken out of the falling wedge pattern. This could be an indication of potential bullish movement ahead. The MACD starts crossing near the zero level area, it signify the potential upside movement ahead.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the Stock.
EXCL: Potential Bull on Mobile Telecommunication Industry!Hello Enthusiast Stock Traders! Here's Long-Term outlook for EXCL, Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
EXCL has broken out of the bullish flag and retested the upper trendline. The MACD already crossed above the zero level area, it signify the potential upside movement ahead.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the Stock.
LPPF: BREAKOUT DBW, WILL IT BE THE RAISE OF RETAIL INDUSTRY?Hello Enthusiast Stock Traders! Here's Long-term outlook for LPPF, Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
LPPF is breaking out of the descending broadening wedge pattern. Breakout of descending broadening wedge pattern could indicates the possibility of bullish movement. The momentum indicator crossed above the zero area, it signify the potential bullish bias ahead.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the Stock.
MYOR: BREAKOUT CHANNELING, INDICATION OF BULLISH TREND AHEAD?Hello Fellow Traders, here's your free outlook for AUDUSD! Don't forget to smash the LIKES, COMMENT, and FOLLOW button to support the channel :)
MYOR broke out of the flag pattern. Breakout of flag pattern indicates the possibility of bearish movement.The momentum indicator is crossing upward above the zero area, it signify the potential bullish movement to the target area.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the MYOR
BBRI: INDICATION OF POTENTIAL BULLISH TREND ON BANKING SECTORSHello Enthusiast Stock Traders! Here's Long-term outlook for BBRI , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
BBRI has broken out of the Falling Wedge Pattern. Breakout of Falling Wedge could indicates the possibility of bullish movement/reversal ahead. The momentum indicator already crossed above the zero level, it signify the potential upside movement to the target area.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the stocks.
ARTO: IS IT THE DIGITAL BANKING POTENTIAL UPSIDE MOVEMENT?Hello Traders, here's your free outlook for ARTO! Don't forget to smash the LIKES, COMMENT, and FOLLOW button to support the channel :D
ARTO is creating the bullish flag pattern. Breakout of Bullish flag is indicating the possibility of upward movement to the target or resistance area. The momentum indicator is crossing up above the zero level. Therefore, there is potential upside movement to the target area.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the stock.
BMRI - Bank MandiriBank Mandiri on the daily timeframe appears to be showing a harmonic pattern, namely a bullish bat pattern at the same time a falling wedge pattern can be acted upon which strengthens the price to rise in the future. stochastic is also showing oversold. The target price can be set based on the gap area around Rp. 7300, -
Disclaimer on!