Ihsg
BBCA will hit IDR 10.000#DIsclaimerOn: Do your own risk
Biggest market cap on Indonesian Banking known as BBCA. This stocks very strong bullish movement on long term timeframe since 2000 until now. I will predict the next target of BBCA will going to IDR 10.000 ~ 11.000 based on fibonacci external and AB-CD movement.
Wait at My Buying ZoneMy buying zone is at support area IF price not go below white dots, with SL if price candle close below blue dots
or
second option IF price breakdown white dots, my buying zone at blue dots and SL if candle close below 1200
TP 1610 max
This analysis just for education only
Trade with your own decision
DYOR
DisclaimerOn
Long Term Outlook about BBRI - BULLISH TREND# First of all, Disclaimer on. This is not advice to buy or sell the stock. Only sharing about my outlook point of view.
Here, let me explain my long term analysis about BBRI banking stock in Indonesia in Technical Point of View.
1. So the first, I draw my support and resistance line based on candlestick on 12M or 1 Year timeframe. You can also look at the 12M timeframe. I put it in 5 line, there are 330, 750, 1410, 2380, and 4610 IDR.
2. Next step, I will predict the next resistance using average return between 5 line (4 step return in log), You can see the return between 4610 and 330 is 1300%. That's so amazing return for invesment. Then, because I use logarithmic SnR, I can calculate the next resistance based on this formula.
Avg return SnR = (1 + return )^(1/4) - 1
we've got the avg return is 93,5%.
3. After that, I will do the price resistance projection using avg return that we have done before. 4610 * 1,935 = 8920 around 8900
4. The others perspective using chart pattern, you can also look on the chart. That is ascending triangle pattern. So we can predict the next price target with copying the length of triangle to the next upper 4610 . Also we've got the value around 9000.
5. I have copied the chart to do the projection of price movement with optimism scenario and slow scenario. The price target result of 8900 IDR will be achieve between 2025 and 2028.
LQ45: POTENTIAL BRIGHT BULLISH OUTLOOK FOR INDONESIA STOCKSHello Enthusiast Indonesia Stock Investor/Trader. Here's free outlook for potential Index Movement. Please give us thumbs up, follow, and comment your opinion on the outlook to support the channel. Let's GROW TOGETHER to become matured trader :)
LQ45 is an Indonesia Stock Market Index which consists of 45 liquid traded stocks. LQ45 could be use as an indicator for forecasting potential Indonesia stock outlook.
LQ45 has broken out of the bullish flag. Afterwards, LQ45 retested the structure and broke out of the near resistance. The MACD indicator already crossed above the zero level area, it signify the potential bullish bias on the index.
The roadmap will invalid after exceeding the support/target area.
DISCLAIMER:
THIS IS NOT A RECOMMENDATION TO BUY OR SELL THE INDEX.
IDX $AGII Rising Wedge Potential Breakdown$AGII of IDX
Technical:
Rising Wedge breakdown followed a textbook ABC pattern
Breakdown will result in freefall to a strong first support at 1400 area, followed by a failed attempt to push past the bottom channel of the wedge and will start another freefall to the next support at 800 area inside 0.618 fib area.
Fundamental:
The trigger would likely be the (next) earning report as evidence in decline of EBITDA over the subsequence quarter which has little hope to reclaim record earning at Q3 2021
Q4 2021 exhibit a poor earning performance(-25% from Q3) but followed by a to new ATH at 2500. The (low volume) markup most likely mark the start of distribution phase to from institution to retail whom realized the declining performance of the company and increasingly unhealthy interest payment coverage by its operating cash flow (EBIT/debt interest : 1.7x)
AGII's EBITDA
Q3 2021 275
Q4 2021 204 ↓
Q1 2022 184 ↓
Composite Indonesia Stock Bull or Bear?The Composite Stock Price Index is one of the stock market indexes used by the Indonesia Stock Exchange. we know now inflation in US already rise and is will be very bad news for any stock exchange, the US and FED will increse the cash rate, so its will be affect to the composite Indonesia. Indonesia Composite already hit all time high in this year after the covid issue make indonesia composite correction around 38%.
In my opinion and my analyze, Composite indonesia still strongly bull and if we use wave analyze, now indonesia composite already in way to wave 5, i hope in now its still not yet achieve, because the target when i use fibbonaci retracement combine with fibbonaci extension its will be hit around 7500-7700. and after hit that point will be correction, and in my view the correction will be hit until around 6290-6300.
If you have any opinion let's comment in below and we can discuss with your view, if you agree with my opinion i want to say thanks to you.
Kind Regard,
KA
ESSA chart pattern to 1.7kGreeting from Investment Idea.
ESSA Surya Esa Perkasa Tbk PT has a fundamental target price at IDR 1.7k for fiscal year 2022. ESSA for 22Q1 has booked a bottom line 800%++ year on year. Therefor in this chart I will give estimate of ESSA chart movement to 1.7k.
Enjoy, and we will update you on ESSA chart pattern accordingly.