BBRI trade ideas
BBRI waiting for Fibo 0.618 RetracementIn the daily timeframe, a breakout of the market structure is visible, but it is expected to correct to the Fibonacci 0.618 to be able to take the opportunity for a good trading range to make a profit.
#BBRI #fibonacci #priceaction #marketstructure
BBRILast candle already in the support line
if we see the price and MACD, we can be sure that is a divergence
if today's candle is closing higher than yesterday, there is a potential this stock will be rebound
diclaimer_on
BBRI second breakout from cp&handle necklineBBRI managed to breakout the second time from cup&handle neckline with even stronger volume compared to the last Failed breakout.
As usual, strategy for 4 big banks in only buy buy and buy.
BBRI (Bank Rakyat Indonesia)Intense Correction Underway for BRI with Support Zone at 3790-3510, Followed by Resurgence Towards 8000-8200 Range
BRI is currently amidst a pronounced correction phase, marked by robust downward momentum. The price is anticipated to sustain its descent, targeting the range of 3790 to 3510. This decline is propelled by significant selling pressure, potentially attributed to broader market sentiments or company-specific factors.
The forthcoming support zone of 3790-3510 holds critical importance, as it aligns with key technical levels and historical price action. Additionally, this range coincides with notable Fibonacci retracement levels, adding further credence to its significance.
Amidst this corrective period, it's imperative for investors to exercise caution and monitor price developments closely. While the downtrend persists, establishing strategic entry points within the aforementioned support zone could present lucrative opportunities for long-term investors.
Looking ahead, once the corrective phase subsides, BRI is poised for a resurgence, targeting the range of 8000 to 8200. This anticipated uptrend is underpinned by fundamental strengths and technical indicators, akin to the analysis provided previously.
Similar to any investment, risk management remains paramount. Monitoring market dynamics, company-specific news, and broader economic indicators will aid in navigating the inherent uncertainties of the market.
In summary, BRI is currently undergoing a substantial correction, with a projected support zone at 3790-3510, followed by a bullish resurgence towards the range of 8000-8200. Vigilance, coupled with a strategic approach to entry and risk management, will be instrumental in capitalizing on the potential opportunities presented by this market movement.
BBRI Falling WedgeAs we can see, BBRI chart right now looks like a falling wedge, and why is BBRI jump up to 4%?
if we look at the price BBRI is on demand area, please make sure with your trading plan, and this is my opinion.
BBRI 4500My first target tomorrow is 4500 if succeed in breaking out at 4830, with some confluences daily POC around 4550 & Fibo golden zone 61.8.
BBRI 3 Apr 24RBS, Pattern, Vol
buy 5600 (50% cap) ; 5475 (50% cap)
price D1 closed under 5350 = consider CL 5575
T1 5850 ( RR 1:1)
T2 6100 (RR 1: 2.2)
T3 6700
BBRI 22 Apr overall risk:
the price already creating LL (orange) the risk is higher for me.
Strong support range 4830~ 4620 bottom purple box
but this is our chance to get discount price at LL / shadow MN. hoping it can reach the shoulder at minimum next month.
24Apr Earning & Revenue
Buy price:
-H4 fib & TL can be our buy range: 5100
-Also prepare for avg down if 24Apr report is red / under than estimate.
safety buy, wait D1 closed above 5350 then buy at retrace.
Target:
T1 5650
T2 5900
T3 as invest
no CL for me as long as the price D1 still above 4600 (+-10% SL). just play with the cap as long as your holding Avg price under 5650.
Disc: SL max at your own Money management plan
BBRI aiming for All Time HighAfter rebound in area 0.618 - 0.5 Fibonacci, BBRI could break all time high. If can break area 5700 and maintain above those level. It can go till 6300 where fibbo extension level is there
BBRI ANALYSISHi Everyone!
BBRI Stock today
BBRI Analyze ( IDX ), 1-week time frame ⏰
My expectation is that BBRI can breakout Resistance 5700, and if you want to BUY BBRI, you can BUY ON BREAKOUT, OR BUY ON RETEST
Or you can DCA, Buy on Breakout and if the price breakdown to retest area, you can buy again
but, Don't forget set up your trading plan, risk reward.
invalid if price touch under 4840
Good luck Guys!
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BBRI Butterfly and cup handle target confluenceBBRI cup and handle target confluence with butterfly pattern.
hopefully target will be achieved soon after breaking new all time high recently.
congrats for those who follows this idea
BBRI: Rising Net Profit, Potential for a Bullish Run Ahead?Hi Realistic Traders. Here's my price action analysis on BBRI!
BBRI has once again surged above its bullish trendline, maintaining its bullish trend. Additionally, the stock has shaped a bullish divergence and a descending broadening wedge pattern. These combined patterns often signal a strong likelihood of continued bullish momentum. Most notably, it has recently broken through the upper trendline, suggesting a compelling opportunity for further upside movement toward the target area.
Fundamental Driver:
In September 2023, BBRI reported a consolidated net profit of Rp44.21 trillion in the third quarter of 2023, marking a 12.47% increase from the same period in the previous year when it was Rp38.31 trillion. This positive development supports the projected outlook."
it is essential to note that the analysis will no longer hold validity once the target/supprot area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on IDX:BBRI ."
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BBRI retracement entryAfter reaching its All Time High, BBRI is stopped at 1.6 fibo level. If this resistance cannot be passed thus there is possibility that BBRI will retrace, my entry area is 5000 where is in its 0.6 fibbo level.
BBRI : Rebound, Targeting Rp5750 pre-2024 Election VolatilityOn November 1, 2023, Bank Rakyat Indonesia (BBRI) stock exhibited a notable touch on the lower trendline at Rp4930. This technical analysis delves into the implications of this touch, marked by a bullish pattern and rapid ascent, further substantiated by the stock's position above the Exponential Moving Average (EMA) 200 and a positive MACD crossover. The objective is to explore the basis for the continuation of the upward trend with a potential target range of Rp5750 before the anticipated market volatility preceding the 2024 Indonesian elections.
Technical Analysis:
Lower Trendline Touch and Bullish Pattern:
- The touch on the lower trendline at Rp4930 signals a substantial support level, suggesting a potential trend reversal.
- The emergence of a bullish pattern reinforces the positive sentiment, indicative of a swift upward movement.
EMA 200 Position:
- The stock's positioning above the EMA 200 signifies a robust long-term momentum.
- The close proximity of the stock price to the EMA 200 provides additional confirmation of the potential for a sustained upward trend.
MACD Conditions:
- The MACD exhibits a bullish condition with a crossover of the signal line to the upside and a positive histogram.
- The bullish signal from MACD supports the notion that buyer momentum is on the rise.
Upside Target:
Upper Target (Resistance):
- Given the confirmation from the trendline, EMA 200, and MACD, the initial upside target is set around Rp5750 or higher.
- This level encapsulates potential technical resistance that the BBRI stock may encounter during its upward trajectory.
Additional Analysis:
Supplementary Indicators:
- Further confirmation from auxiliary indicators like RSI and trading volume is recommended to provide a comprehensive view of trend strength and market participation.
Market News Monitoring:
- The potential for market volatility leading up to the 2024 Indonesian elections underscores the importance of vigilantly monitoring market news and political developments.
Risk Considerations:
Stop-Loss:
- Effective risk management involves placing a stop-loss beneath the trendline or support level.
Conclusion:
In conclusion, BBRI stock presents a compelling case for a continuation of its upward trajectory, supported by the confirmation from the trendline, EMA 200, and MACD. With a potential upside target of Rp5750, investors should remain vigilant as the market navigates the uncertainties leading up to the 2024 Indonesian elections. Regularly updating analyses in response to evolving market conditions and seeking advice from financial professionals is advisable before making investment decisions.
BBRI Downtrend is ImminentBBRI have weekly trendline support from Sept 2020 and if trendline breakout it will continue to BBRI downside
Nearest support is 4.6k and 4.3k
BBRI Forecasting1. Break Nearest Resistance 1
2. Possibly retest inside Resistance 1 and become support
BBRI: The Advancing Phase and Recovery of Banking Sectors? Hello Fellow Global Stock Investor/Trader, Here's a Technical outlook on BBRI!
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Technical Analysis
BBRI is a breakout of the Pennant Pattern after retracing on the Fibonacci golden ratio area. The MACD Indicator made a golden cross below the zero level area, which indicated a potential bullish movement ahead.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the BBRI"
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.
BBRI: a perfect time to buyThe candle formation is perfect. It is time to buy. An opportunity to continue its uptrend
BBRI: Buying opportunity in couple days aheadIt is too far from the MA20 as of now. Let it go down a while until it is near Support or MA20. The opportunity will come shortly!
