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BANK RAKYAT INDONESIABANK RAKYAT INDONESIABANK RAKYAT INDONESIA

BANK RAKYAT INDONESIA

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BBRI trade ideas

On the way to Devidend MomentumThe historical track record indicates that the final dividend share for BBRI typically occurs in March. This presents an opportunity to strategically position our portfolio. We can either aim to capture the dividend payout or capitalize on the potential price pullback that often follows the dividend distribution (At ex-date candle gap). To maximize our entry point, we can wait for BBRI to reach its nearest weekly support level, as it is currently trading close to it and being strong support. This approach allows us to potentially acquire shares at a discounted price, especially considering the current downtrend.
IDX:BBRI
by Arieyettinurami
BBRI Eyes Key Resistance Levels After Breaking DowntrendIn the daily timeframe chart of Bank Rakyat Indonesia (BBRI), it is evident that the price has successfully broken out of the descending channel that previously restricted its movement. After breaking the resistance at 4,100, the price shows potential for further strengthening, with the next target at the 4,510 resistance level. If the bullish momentum continues, the subsequent target lies at the 4,800 resistance level. The 200 SMA at 4,898 is still above the current price, indicating a long-term bearish trend. However, the recent price movement suggests the potential for a short-term trend reversal toward an upward trend. The key support level currently stands at 4,100, serving as a critical area to maintain the bullish sentiment.
IDX:BBRILong
by KepoinTrading
BBRI Is Going To Bottom in Mid-DecemberAfter a constant barrage of selling from March until June, and then quite of a rebound from 4100 to 5600 (almost 40%), BBRI continues to dive almost everyday since mid-September. This is supported by the huge foreign outflow BBRI has been suffering. Last Friday, BBRI's foreign outflow amounts to IDR823 billion. To put into perspective, IHSG Friday foreign outflow is IDR1.6 trillion, which means BBRI accounts for more than half of the outflow from IHSG. Technical wise, BBRI has now constantly being traded under its 200 day moving average for almost 3 months. BBRI will most likely complete the (iii) wave of the C wave next week around 4100. Volume on last Friday's trading is relatively large. This means selling has not eased yet. I believe BBRI will bottom under 4000 ; 3700-3800
IDX:BBRIShort
by MrSparkles69
1
BBRI (Bank Rakyat Indonesia)Intense Correction Underway for BRI with Support Zone at 3790-3510, Followed by Resurgence Towards 8000-8200 Range BRI is currently amidst a pronounced correction phase, marked by robust downward momentum. The price is anticipated to sustain its descent, targeting the range of 3790 to 3510. This decline is propelled by significant selling pressure, potentially attributed to broader market sentiments or company-specific factors. The forthcoming support zone of 3790-3510 holds critical importance, as it aligns with key technical levels and historical price action. Additionally, this range coincides with notable Fibonacci retracement levels, adding further credence to its significance. Amidst this corrective period, it's imperative for investors to exercise caution and monitor price developments closely. While the downtrend persists, establishing strategic entry points within the aforementioned support zone could present lucrative opportunities for long-term investors. Looking ahead, once the corrective phase subsides, BRI is poised for a resurgence, targeting the range of 8000 to 8200. This anticipated uptrend is underpinned by fundamental strengths and technical indicators, akin to the analysis provided previously. Similar to any investment, risk management remains paramount. Monitoring market dynamics, company-specific news, and broader economic indicators will aid in navigating the inherent uncertainties of the market. In summary, BRI is currently undergoing a substantial correction, with a projected support zone at 3790-3510, followed by a bullish resurgence towards the range of 8000-8200. Vigilance, coupled with a strategic approach to entry and risk management, will be instrumental in capitalizing on the potential opportunities presented by this market movement.
IDX:BBRILong
by Zippymauld