BBCA Buy on BreakoutWeekly Chart > Indicator: MA100 & 200, MACD & Stochastic Default Setting
- MA > The last price in weekly chart moving above MA100 and the MA100 moving above MA200, which mean the price still moving in the good uptrend side
- Stochastic > Down to over sold area
- MACD > MACD line cross down the signal line in positive area and the histogram seen negative
Daily Chart > Indicator: MA100 & 200, MACD & Stochastic Default Setting
- MA > Price moving in the uptrend area but is experiencing sideways in several weeks due to ATH resistance
- Stochastic > Over sold
- MACD > Sideways signal and small histogram
Fundamentals :
Income Statement > BBCA income summary shows a relatively stable increase even though in 2020 there was a decrease in net income from the previous year
www.investing.com
Strategy :
Buy BBCA when Weekly Chart breakout from the resistance area which will be retested the price in the 35600-36975
Purchases can be made for 1-2 ticks above the resistance area in anticipation of a false breakout and place a stop loss if necessary
The Fibonacci cluster line shows the resistance area after the breakout will occur in the 45800-47775 area and can be used as a profit target
DISCLAIMER :
- All material contained in this content is for educational purposes
- We are not responsible in your loss or gain
- Always do your own research
- Always understand the markets are very risks and please use financial management for your investments
