BMRI on weekly Chart seems forming Double Top pattern. But still safe as long as the price not break the bottom support at 5500 - 5550.
in my opinion as long as the price not going under 5500,we still can hold the position.
DISCLAIMER ON
First Opinion :
IHSG maybe going to higher price to 8k to complete the 5 wave rally eliot wave (now on phase 4)
the momentum indicator (stochastic) show the sign of bullish divergence. And if the price close higher on 31 oct 2024, there is a big chance IHSG making a bullish continue pattern (Penant).
But we must wait for the validity confirmation on Swing Low on...
BBRI chart (DAILY) already show a sign for down trend for short period.
Maybe going to 4000 (key area multiple support and rejection)
after 4000 hit, hopefully BBRI will continue rising to 6000 because so many gap between 5000 to 6000.
ICBP most likely will make an impulsive movement (5 wave rally) after the big correction (ABC correction).
The new 5 impulsive movement is on the way and will take ICBP to new All Time High.
There is Falling Wegde Pattern too (Continuation Pattern), and the Stochastic in monthly indicate the price is already in Oversold area and start crossing + Bullish...
ERAA weekly chart show us that there is Head and Shoulder pattern (Reversal Pattern From Bullish To Bearish) and already break the H n S neckline.
Thats mean ERAA will going to the target area HnS at price 380-390 in the long game (Weekly).
Stochastic indicator in weekly already Oversold, so there is a chance price will have a short Rebound to the Neckline...
There is Falling Wedge Pattern in both Daily and Weekly chart on this stock.
And the Weekly Stochastic already in oversold area + Bullish Divergence detected too.
Wait until the price breakout the falling wedge pattern to entry.
For me, i will wait until the price breakout the falling wedge and wait the retest or correction done.
Disclaimer ON
CPIN Daily Chart Movement
CPIN is in rally after break the base resisten and multiple rejection, but there is a minor correction to support area 6050-6150 (Support / Multiple Rejection) or what we called it RE-TEST Support
After that the price will move to the next Resistance or Take Profit Area (6700 area)
Trend still on the Big sideways
Stochastic Momentum...
IHSG will have an ABC Correction after the 5 impulsive movement done (eliot wave theory). So hold up and keep money FRESH and Buy the stocks (bluechip) when the IHSG doing the ABC correction.
Maybe Arround 6700 we can SLOWLY buy our value stocks. For me the Banking Sector is the best choice like BBRI BBCA BBNI BMRI.
Disclaimer On
Symetrical Triangle in CTRA (Weekly Chart) likely will Breakout Top channel
Target Price around strong resisten 1340
Stop Loss Area 940-945
Risk Reward Ratio from current Price 1:4 (TP 30% , SL 7%)
Disclaimer ON
BBRI Weekly Chart most likely will be going down to the 3860-3940 where the support harmonic and dynamic met cluster (fibonacci 0,5-0,618 and support dynamic EMA 90).
After the price hit the support, hopefully the Trend Movement (BULLISH TREND) will comeback to the Resistance Area at 4770-4810.
Stochastic momentum indicator show us that the trend still going down...
