BBRI trade ideas
Potential HnS Chart PatternBBRI has the potential to form a Head and Should chart pattern. By looking at last week's movement pattern where the volume at the break of 4470 resistance was not big enough and the trend decreased afterwards, it would be better to wait for confirmation before entry. Possible short-term movement is still sideways.
From the market maker movement side, BBRI is one of the issuers that foreign hold almost 80%, with an average price of around 4400. Currently, Foreign Flow is increasing by a proportion of more than 20%, meaning that the potential will increase and have been accumulated for a long time.
If you want to entry, it's better to wait until technically confirmed.
$BBRIDisclaimer:
This information is for educational purposes and is not an investment recommendation nor to be representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
BBRI goes down to demand areaBBRI is going to demand area. I will start to accumulate the stocks in the demand area.
BBRI - Trading ModeHere is my analysis for Bank Republik Indonesia. Technically, BBRI is still in an uptrend and it holds its trendline. So i really expect the price reject those two areas and then continue moving up to make a higher high.
Kindly do your own research and use money management while entry this position. I will link my previous analysis for BBRI .
#disclaimer
BBRI BUY ON WEAKNESS 27 JANBBRI on support level according to past month's higher highs and higher lows, and according to Elliot's Wave, BBRI should continue to make higher highs in the next week.
BBRI (Swing Trading, January 2021)Pattern prediction with inversion cut loss. Stocks usually can reverse back to the same price 1 at 1 point, and they reach certain low point, they might be declining as they had been increasing that time but the condition is now reversed. Like stock is walking backward. Banks are good to be held, but not until 27th January until March 2021. Pattern might predict another crash. But I could be wrong. Swing or day trade for safe bet. Remember, first 2 weeks of every December are good time to exit with huge profit. Foreign has bought BBRI in lump sum today, beware of profit taking.
If it's green in January 12th 2021 morning, sell. It might not holding up after lunch. Feedbacks are appreciated, we need each other perspective to beat the market
Buy BBRI after correction on Feb 2021Ketika 2021 awal, BBRI akan cenderung koreksi dan EMA akan death cross, hingga Feb 2021 menuju support trendline dan static supportnya. Kemudian bounce back ke dalam channel nya dan melanjutkan kenaikan hingga akhir 2021
BBRI bearish candleBBRI last 2 days candles have shown bearish candles. While it is still on uptrend channel, expected the price to retrace up to 3600, before continuing the uptrend. Therefore there will be swing trade opportunity if the price bounce up at 36xx level and forming a reversal candle
BBRI========BBRI
Take profit sell
Sell : 4400
wait until 4000 to buy again.
Why : OBOS indicator sell position & chart patten
BBRI CUP AND HANDLE PATTERN ID STOCKSBBRI FORMING A CUP AND HANDLE PATTERN WHICH MEAN THIS PATTERN CAN BRING BBRI TO 4130 FOR THE FIRST TARGET PRICE AND THE SECOND TARGET PRICE WILL BE AT 4460 BUT BBRI WILL DO HIS 2NDARY REACTION DUE TO 1. STOCHASTIC OVERBOUGHT AREA, 2. DOW THEORY WHICH EVERY MARKET MOVE HAVE PRIMARY AND SECONDARY REACTION, 3. GAP AREA HAVE TO BE CLOSED! 4. CUP AND HANDLE PATTERN!
BBRI Buy On WeaknessTrend : Bullish
Volume : Sejak tanggal 11 Nov 2020, kenaikan harga BBRI tidak disertai oleh kenaikan volum. Itu mengindikasikan kenaikan harga yang terjadi adalah kenaikan yang bertekanan lemah.
Momentum : Terjadi Death-Cross pada area jenuh beli (Overbought) dan juga nampak adanya Bearish Divergence. Itu menandakan pergerakan turun dari BBRI akan segera terjadi.
Pattern : BBRI telah selesai membentuk Bullish Continuation Pattern yang ditandai dengan terbentuknya Swing High pada area resisten harmoniknya (External Retracement 161.8%). Itu mengindikasikan pergerakan turun ke area support harmoniknya (Internal Retracement 61.8%) yang akan membentuk Bullish Secondary Reaction akan segera dimulai lalu diharapkan akan terjadi rejection pada area support harmonik tersebut dan mementalkan harga kembali naik hingga ke area resisten harmonik berikutnya (External Retracement 161.8%).
Price : Target penurunan harga BBRI berada di area 3710 ~ 3540 yang merupakan support harmoniknya (Internal Retracement 61.8%) dan target kenaikan harga BBRI berada di area 4790 yang merupakan resisten harmonik berikutnya (External Retracement 161.8%)
Time : IHSG memiliki lebih dari 80% probalilitas untuk bergerak di dalam tren Bullish ketika matahari berada di Capricorn. Hal tersebut telah diriset oleh Gema Merdeka Goeyardi, CAT, CFTe, MFTA dalam studinya. Oleh karenanya, BBRI juga berpotensi untuk bergerak dalam tren yang sama dengan IHSG sebab BBRI adalah salah satu motor utama penggerak IHSG.
Trading plan : Buy On Weakness pada area 3710 ~ 3540. Take Profit pada area 4790 dan Stop Loss pada support klasiknya di harga 3200. Ini menghasilkan Risk to Reward Ratio 1 : 2.12 dengan peluang profit sebesar 29.11% dan peluang loss sebesar 13.75% sehingga saham BBRI layak untuk ditambahkan ke dalam portfolio.
DISCLAIMER : ON
