Ticker: BBRI (IDX)
Timeframe: Weekly
Status: High-Priority Technical Watchlist
🔹 Long-Term Structure
BBRI is currently testing a major ascending trendline that has been in play since 2008. This zone has historically served as a reliable long-term inflection point, having been tested multiple times over the past 15+ years.
The trendline has held six or more significant touchpoints, strengthening its technical validity.
Price action is also aligned with a horizontal demand zone (approx. 3,400–3,700), previously seen during the accumulation phases of 2019–2020.
📉 A Controlled Correction?
The recent correction has formed a descending channel structure, but:
The current drop is accompanied by high volume, which may indicate a capitulation or panic-driven sell-off.
Price behavior at this key junction will determine the next major phase: a base reversal or a structural breakdown into a broader downtrend.
🧠 Risk-Reward Outlook
If this long-term support holds:
A technical rebound toward the 4,800–6,500 zone remains well within reach.
The current setup presents a favorable risk-to-reward profile for medium-term positioning.
However, a weekly close below 3,200 would invalidate the bullish scenario, potentially triggering a decline to the 2,400–2,100 area — a demand zone from back in 2016.
📌 Strategic Takeaway
“BBRI is at one of the most critical technical inflection points of the past decade. This is more than just a trendline — it reflects long-term investor conviction versus macro pressure.”
Recommendation: Wait for confirmation from a reversal candle on the weekly timeframe. Patience is key — but this is not a zone to ignore.
Timeframe: Weekly
Status: High-Priority Technical Watchlist
🔹 Long-Term Structure
BBRI is currently testing a major ascending trendline that has been in play since 2008. This zone has historically served as a reliable long-term inflection point, having been tested multiple times over the past 15+ years.
The trendline has held six or more significant touchpoints, strengthening its technical validity.
Price action is also aligned with a horizontal demand zone (approx. 3,400–3,700), previously seen during the accumulation phases of 2019–2020.
📉 A Controlled Correction?
The recent correction has formed a descending channel structure, but:
The current drop is accompanied by high volume, which may indicate a capitulation or panic-driven sell-off.
Price behavior at this key junction will determine the next major phase: a base reversal or a structural breakdown into a broader downtrend.
🧠 Risk-Reward Outlook
If this long-term support holds:
A technical rebound toward the 4,800–6,500 zone remains well within reach.
The current setup presents a favorable risk-to-reward profile for medium-term positioning.
However, a weekly close below 3,200 would invalidate the bullish scenario, potentially triggering a decline to the 2,400–2,100 area — a demand zone from back in 2016.
📌 Strategic Takeaway
“BBRI is at one of the most critical technical inflection points of the past decade. This is more than just a trendline — it reflects long-term investor conviction versus macro pressure.”
Recommendation: Wait for confirmation from a reversal candle on the weekly timeframe. Patience is key — but this is not a zone to ignore.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.