IDX:HMSP Death Bounce and Double BottomHanjaya Mandala Sampoerna (IDX:HMSP) had missed the bullish run and now are dumping with Double Bottom target is 875-825 and Death Bounce target is 1095-1065. After double bottom, HMSP will continue rally up to 1450. Keep in mind, double bottom usually will perform W-Harmonic Pattern. I shall update the chart later.
HMSP trade ideas
HMSP update getting more interesting...Passive income? Yes!!!
If you don't use margin. You don't need to worry too much with HMSP. I think it's pretty much the time. It's a solid company on fire. They like everybody smoking right?
Next will resistance 1880.
Gap 2200-2400.
I like to have position close to 2200.
Any thoughts?
PT SAMPOERNA TBKLong term investment, i'm still waiting this stock at 460
Indonesia has a lot of smokers between 15-50 years old, cigarettes in indonesia is relatively cheap,
if indonesia economic growth more further, i assume lot of indonesian smokers will be back buying a premium cigarettes like sampoerna
HMSP - Interesting stock to put in your watchlistThis stock is still in a downtrend. But if you're a dividend investor, this stock would be a pretty good bargain. There's a bullish divergence on the weekly timeframe indicating that we will probably see a bounce. The price has also rebounded from the 1k level. Since this stock is still in a downtrend, it's less likely that we would see an immediate trend reversal at this point. We would still have to wait and see until the price breaks a higher low or an important resistance.
$HMSP SPECBUY BOW IDX:HMSP
Things to consider IDX:HMSP :
- Acquisition of Pharmacy Company which produce Asthma Inhaler ( Vectura Group PLC ) as much as 74.77 %
This action was deemed to be a major leap for "Beyond Nicotine" products from IDX:HMSP which reportedly aimed to produce a net income of US$1 billion on 2025.
- HMSP reported an increase in revenue in the second quarter of 2021 by 14.4% year on year (yoy) and up 2.2% quarterly to Rp 24 trillion.
Meanwhile, HMSP's revenue in the first semester of 2021 rose 6.5% to Rp 47.6 trillion.
Based on the release of Philip Morris International Inc (PMI), Sampoerna A's sales volume in the first semester of 2021 grew 13.2% yoy. This figure increased compared to the first quarter of 2021 at 1.8% yoy.
- Cigarette excise rates have increase by 12.5% starting February 1, 2021.
Watchlist IDX:HMSP , we can make a speculative-buy on support .
Thus we can do a spec-buy short swing trade on support.
ENTRY : 945 - 950
TP 01 : 980 - 985
TP02 : 1010 - 1015
TP03 : 1040 - 1045
SL : 930
Disclamer ON, all published ideas merely my opinion to certain STOCK. It is advisable to do your own analysis and research before entering a certain trade.
Happy Profitable Trading.
HMSP, IDX UPDATEThe retracement of IDX gives us second opportunity to grab HMSP.
Shown here is a 4 hour timeframe analysis
Several data to support this analysis (based on multiple timeframe)
1. The downside to the level of 1270 close the previous gap seen in 1 Hour TF and now closed.
2. Market structure breaking previous supply zone seen in 4 hr tf and 1d TF happened in May 2020 and now requires a retracement
3. Detecting the level of retracement, I drew fibonacci and found the fibo 0.786 match with 1270.
Having tapped 1270, we could see a major buying power into the stock.
Conclusion
- Set a buy order at the level 1350 as this represents a healthy pullback to a formed breaker
- slowly buying, to wait for the movement that is upside
PUMP IT!
Disc On
HMSP Long bull Slow Stochastic and gap ENDisclaimer On, personal opinion not financial advice.
Thing to consider:
- HSMP just close below gap, then making some bull run
- There is upper gap that can be considered
- Slow Stochastic(24,15,10) show that we're now at deep oversold
- Bull Inside bar just created today
Trade plan:
- make entry around Fibonacci 0.236 (1395)
- Cut loss below 0.236 Fibonacci
- TP at couple target 1480, 1555, 1630. because there will be some resistance area.
- it's a good sign when tomorrow candle close above the EMA21