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BANK CENTRAL ASIABANK CENTRAL ASIABANK CENTRAL ASIA

BANK CENTRAL ASIA

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BBCA trade ideas

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.
IDX:BBCA
by ysjahrial
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.
IDX:BBCALong
by fardycurry
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