BBCA One of the best timesOne of the best times to buy blue chip stocks from Indonesia which is currently discounted 30% from ATH
Quite simple, if it breaks and closes below 7600 then the bearish trend will continue and maybe we will meet 6500, but if 7600 is strong then we will likely push up with the first target at 8600 then 9800
BBCA trade ideas
Technical Analysis BBCASupport Levels:
8,675 (Major Support)
9,025 (Minor Support, currently being tested)
Resistance Levels:
9,300 (Nearest Resistance)
9,525 (Next Resistance)
9,850 (Main Resistance in the Short Term)
Trading Plan
1. Buy Area (Entry Point):
Aggressive Buy: 9,025 – 9,100 with a target of 9,300 – 9,525.
Conservative Buy: 8,675 if the price breaks down from 9,025.
2. Sell Area (Take Profit):
TP1: 9,300 (first resistance)
TP2: 9,525 (second resistance)
TP3: 9,850 (if the trend starts turning bullish)
3. Stop Loss (SL):
If the price drops below 8,900, exit to minimize risk.
Posting for FUNSince I am in my free time, .. I'm checking on some local stock market..
This time is BBCA,
The long term idea on the trend might rest for a while around 8200-8500, before continuing it s uptrend. Since nothing go up forever.
Well, not a trading advise though, as me myself is not holding on this stock (because running tooo slooow xD)
IF im right, it will be a great timing for long term investors to add more investment in it..
Thank you and have a happy trading day!
BBCA (VCP - 26W 19/3 3T)IDX:BBCA - VCP
18-09-2024
Reason:
1. Low risk entry point
2. Volume dries up
3. Confirmed Stage 2
4. Price above MA 50 > 150 > 200 over 10 weeks
5. Price is within 25% of 52 weeks high
6. Price is over 30% of 52 weeks low
7. 200 day MA trending up over 1 month
Flaws:
1. RS rating less than 70
2. 5 biggest marketcap
3. No big volume on breakout
BBCA 5 APRthe last BBCA map already closed BEP (-0%)
yesterday price closed above 9775
this chart is 2nd try with new buy area.
remember that at this time, the wave already create new LowerLow means the risk is higher.. do your MM
or wait when the price near 9300 or above 10100 area if you dont want to take risk at current position.
Buy area 9775 ~ 9625
Price under 9575 = CL BEP or 9700
risk still the same, lower TL and SBR higher TF 9350 ~9200
Applying Technical Analysis in multiple time frames: $BBCA• Monthly
- Trend and momentum using Joe Rabil Method:
a. Uptrend since price continues making HH & HL. Price is above 18-month MA and 40-month MA; 18-month MA is rising and above 40-Month MA.
b. MACD shows improvement
- Elliot Wave Method: -
- Harmonic Trading Method: -
• Weekly
- Trend and momentum using Joe Rabil Method:
a. Uptrend since price continues making HH & HL. Price is above 18-week MA and 40-week MA; 18-week MA is rising and above 40-week MA.
b. MACD is rising as per price
- Elliot Wave Method: -
- Harmonic Trading Method: -
• Daily
- Trend and momentum using Joe Rabil Method:
a. Uptrend
b. Mapping: pinch setup for pullback. If this fails, will monitor price action when MACD is close to 0-line.
- Elliot Wave Method: 5 waves are up.
- Harmonic Trading Method: Price touches PRZ of bearish crab.
• 1H
- Trend and momentum using Joe Rabil Method:
a. Price breaks down its uptrend line.
b. 18-1H MA crosses down below 40-1H MA and both are down
c. Mapping: pullback and currently in presumptive downtrend
- Elliot Wave Method: Mapping AB – (C)
- Harmonic Trading Method: -
This analysis is made to track my TA's learning progress; my note: Target based on Elliot Wave and Harmonic Trading Methods is achieved in daily TF and 1H TF shows a different trend.
BBCA: Navigating Correction with Strategic Entry Points for PoteIn this analysis, we delve into the recent movement of BBCA stock, particularly observing a noticeable gap around the 8500 level on September 22-23. The common market tendency to fill such gaps implies a potential downturn for BBCA shares.
Navigating the potential downturn, Fibonacci retracement analysis identifies 8525 or the 0.618 level as a strategic point for considering purchases. This zone often becomes a focal point for traders seeking buying momentum, especially in proximity to the golden ratio.
Risk management takes center stage in this context. By setting a stop-loss at 7975, traders can shield themselves from significant potential losses. This restriction is designed to ensure that losses do not exceed predetermined limits, aligning with individual risk tolerance.
As the journey unfolds, bullish confirmation around 8525 becomes pivotal for making buying decisions. This may involve technical signals indicating potential reversals, validating the purchasing strategy at predetermined levels.
Looking ahead, the target price of 10900 or the 1.618 Fibonacci retracement level provides perspective on potential upswings after a corrective phase. This becomes a focal point where traders may contemplate taking profits or adjusting their trading strategies.
In conclusion, this approach reflects a profound understanding of market dynamics and wise risk management practices. Professional traders remain vigilant to changes in market conditions, basing their decisions on in-depth analyses and carefully formulated plans.
IDX:BBCA correction time line and target from May to Aug 2023IDX:BBCA have finished the Harmonic Pattern. In technical analysis, it will lead correction to fib 0.382-0.236. By using Fibonacci Timezone, the bottom will be reached on 31 May - 22 June with estimated prices are at 8475-8575. After that BBCA will continue the rally to 9475-9600 with estimated time at 3 Aug - 25 Aug
IDX:BBCA Death Cat BounceEnglish:
After two days the market has been trying to break the price at 8725-8700 but there was a refusal, so BBCA will have the opportunity to make a death cat bounce (a bounce for a deeper correction). With a correction target it can reach 8475. While a rebound target is 8900-8950.
Bahasa:
Setelah dua hari pasar berusaha menjebol harga 8725-8700 namun terjadi penolakan, maka BBCA akan memiliki peluang melakukan death cat bounce (pantulan untuk koreksi lebih dalam). Dengan target koreksi bisa mencapai 8475. Sedangkan target pantulan 8900-8950.