$BBRI high likelihood to reach its previous highest priceThere is still a lot of potential for $BBRI to rise.
(1) Looking back at the historical price of $BBRI:
- downfall from around 4700 to around 2200 (-2500) which had happened in 112 trading days due to the fear of Covid-19 pandemic;
- the current price at the time of writing which is around 3500 (only +1290 out of 2500 = almost 50%), we can say that it is only halfway to its previous highest price at around 4700.
(3) Looking at the RISING long term and short term trend indicators:
- rising long term support trend;
- rising long term EMA 200 seems price-recovery is ongoing;
- rising short term EMA 20;
- rising short term EMA 50;
- rising VWAP.
Unequivocally, there is still a lot of potential for $BBRI to move upward to its previous highest price at 4700.
If the rising long term support can be trusted and fear of pandemic recedes along with the euphoria of vaccine invention and mass vaccination around 2021 then it is highly likely that $BBRI will reach its previous highest price and possibly even create a new all time high.
