BRIS (Potential)it is creating a higher high and a higher low.
watching before buying.
NB: DO MIND that These analyses I posted here are intended as my notes and not as investment recommendations or as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view. LETS CUANN!!!
BRIS trade ideas
Bullish Bias on BRISA mega merger Indonesia's owned state company seems to continue their bullish run after made a corrective movement that stopped with the double bottom formation exactly at fibo internal retracement zone from their primary bullish trend (A to B). 4000 would be a sweet spot as the target price of this market. Buy on weakness should be your consideration as long as the price not to going down and close below 1600 as it's invalidation value
The piercing line pattern on BRIS?😱Look at the 3 candles before today, it was rejected at the moving average of 89 and broke out through a moving average of 144 (continues to strengthen, can be). Even he couldn't break through 3 volume profiles at once, which means, is this a strong signal to start the uptrend again? I don't know either, so let's wait for the confirmation signal.
IDX: BRIS TRY TO CONSIST WITH EMA 55Strong support at 2500
Strong resistane at 2980
in several days, BRIS stay strong at EMA55 , go for 2700 out at 2900, it should be good
I prefer green trading plan
have a nice trading.
Disclaimer:
This information is for educational purposes and is not an investment recommendation or 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.