only up if break 10900 target 12200If we look at the news from 10/23/24, BCCA has an upward trend. If we look at it now, there is little chance of a double top.
BBCA trade ideas
BBCA (VCP - 26W 19/3 3T)IDX:BBCA - VCP
18-09-2024
Reason:
1. Low risk entry point
2. Volume dries up
3. Confirmed Stage 2
4. Price above MA 50 > 150 > 200 over 10 weeks
5. Price is within 25% of 52 weeks high
6. Price is over 30% of 52 weeks low
7. 200 day MA trending up over 1 month
Flaws:
1. RS rating less than 70
2. 5 biggest marketcap
3. No big volume on breakout
#BBCA trade ideaprice is at support, wicked below, can go for one more wick close to S1, can be good short term trade, for higher levels need to break above orange zone
BBCA IdeaYesterday BBCA was down to 9200! i was confused neither hold nor buy more hahaha.
So i decided to buy more BBCA at 9225, base on my chart if BBCA go to 9300-9400 it is time to buy more in my opinion.
BBCA 5 APRthe last BBCA map already closed BEP (-0%)
yesterday price closed above 9775
this chart is 2nd try with new buy area.
remember that at this time, the wave already create new LowerLow means the risk is higher.. do your MM
or wait when the price near 9300 or above 10100 area if you dont want to take risk at current position.
Buy area 9775 ~ 9625
Price under 9575 = CL BEP or 9700
risk still the same, lower TL and SBR higher TF 9350 ~9200
BBCA 2 Apr '24Follow the trend, positive news
Buy 9800 ; 9750
If price D1 closed bellow 9600 = Cutloss 9775 and wait for confirmation for price to get above 9775
Tmax at extend fib 10650
Risk: high Tf pattern and RBS 9350~9200
Applying Technical Analysis in multiple time frames: $BBCA• Monthly
- Trend and momentum using Joe Rabil Method:
a. Uptrend since price continues making HH & HL. Price is above 18-month MA and 40-month MA; 18-month MA is rising and above 40-Month MA.
b. MACD shows improvement
- Elliot Wave Method: -
- Harmonic Trading Method: -
• Weekly
- Trend and momentum using Joe Rabil Method:
a. Uptrend since price continues making HH & HL. Price is above 18-week MA and 40-week MA; 18-week MA is rising and above 40-week MA.
b. MACD is rising as per price
- Elliot Wave Method: -
- Harmonic Trading Method: -
• Daily
- Trend and momentum using Joe Rabil Method:
a. Uptrend
b. Mapping: pinch setup for pullback. If this fails, will monitor price action when MACD is close to 0-line.
- Elliot Wave Method: 5 waves are up.
- Harmonic Trading Method: Price touches PRZ of bearish crab.
• 1H
- Trend and momentum using Joe Rabil Method:
a. Price breaks down its uptrend line.
b. 18-1H MA crosses down below 40-1H MA and both are down
c. Mapping: pullback and currently in presumptive downtrend
- Elliot Wave Method: Mapping AB – (C)
- Harmonic Trading Method: -
This analysis is made to track my TA's learning progress; my note: Target based on Elliot Wave and Harmonic Trading Methods is achieved in daily TF and 1H TF shows a different trend.
BBCA potential Cup&Handle pattern completionBBCA price reverse strongly and on track to complete the potential Cup&Handle pattern.
Strategy for Indonesia's 4 big banks is only buy buy and buy....
BBCA: Navigating Correction with Strategic Entry Points for PoteIn this analysis, we delve into the recent movement of BBCA stock, particularly observing a noticeable gap around the 8500 level on September 22-23. The common market tendency to fill such gaps implies a potential downturn for BBCA shares.
Navigating the potential downturn, Fibonacci retracement analysis identifies 8525 or the 0.618 level as a strategic point for considering purchases. This zone often becomes a focal point for traders seeking buying momentum, especially in proximity to the golden ratio.
Risk management takes center stage in this context. By setting a stop-loss at 7975, traders can shield themselves from significant potential losses. This restriction is designed to ensure that losses do not exceed predetermined limits, aligning with individual risk tolerance.
As the journey unfolds, bullish confirmation around 8525 becomes pivotal for making buying decisions. This may involve technical signals indicating potential reversals, validating the purchasing strategy at predetermined levels.
Looking ahead, the target price of 10900 or the 1.618 Fibonacci retracement level provides perspective on potential upswings after a corrective phase. This becomes a focal point where traders may contemplate taking profits or adjusting their trading strategies.
In conclusion, this approach reflects a profound understanding of market dynamics and wise risk management practices. Professional traders remain vigilant to changes in market conditions, basing their decisions on in-depth analyses and carefully formulated plans.
Biggest bank in IndonesiaATH net income
PE 23.95
PBV 5.16
ROE 20%
DY 2%
Net Income (Quarter YoY Growth) 26.79%
Biggest bank in Indonesia
IDX:BBCA correction time line and target from May to Aug 2023IDX:BBCA have finished the Harmonic Pattern. In technical analysis, it will lead correction to fib 0.382-0.236. By using Fibonacci Timezone, the bottom will be reached on 31 May - 22 June with estimated prices are at 8475-8575. After that BBCA will continue the rally to 9475-9600 with estimated time at 3 Aug - 25 Aug
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.
BBCA - POTENTIAL DROP BEFORE BULLISHBBCA - POTENTIAL DROP BEFORE BULLISH
BBCA has reached it's peak and now potentially making a secondary reaction before continuing it's bullish continuation.
BBCA BACK TO BULLISHAs you can see BBCA alrady filled the demand area!
I call to Buy this STOCK 7600
SHORTTERM TARGET IS ON GAP 7900-8075
BBCA money flow is good but technicaly still waiting to breakBBCA waiting to break it resistence at 9400 for further confirmation to buy because historically it continues to goes up after break resistance.
BBCA Corporate ActionBBCA has been 4 times stock split until 2023. can you imagine if you invest from the beg of IPO?
BBCA >>> Double BottomBBCA is predicted to make a complete double bottom and going up to the last All Time High Level
#fibomic
#BBCA
BBCA >>> Bearish Head and ShoulderBBCA is going to make a downside movement, the target will be 1.618 Fibonacci ratio near the previous gap or 2.24, near the classic target of Head and Shoulder pattern (yellow horizontal line)
#fibomic
#BBCA
Triple Top Pattern on a big cap companyIDX:BBCA is likely forming a Triple top pattern, if the breakout is true then it will go down to its support at 7650. CMIIW
