BBRI - Trading ModeHere is my analysis for Bank Republik Indonesia. Technically, BBRI is still in an uptrend and it holds its trendline. So i really expect the price reject those two areas and then continue moving up to make a higher high.
Kindly do your own research and use money management while entry this position. I will link my previous analysis for BBRI .
#disclaimer
BBRI trade ideas
BBRI (Swing Trading, January 2021)Pattern prediction with inversion cut loss. Stocks usually can reverse back to the same price 1 at 1 point, and they reach certain low point, they might be declining as they had been increasing that time but the condition is now reversed. Like stock is walking backward. Banks are good to be held, but not until 27th January until March 2021. Pattern might predict another crash. But I could be wrong. Swing or day trade for safe bet. Remember, first 2 weeks of every December are good time to exit with huge profit. Foreign has bought BBRI in lump sum today, beware of profit taking.
If it's green in January 12th 2021 morning, sell. It might not holding up after lunch. Feedbacks are appreciated, we need each other perspective to beat the market
BBRI CUP AND HANDLE PATTERN ID STOCKSBBRI FORMING A CUP AND HANDLE PATTERN WHICH MEAN THIS PATTERN CAN BRING BBRI TO 4130 FOR THE FIRST TARGET PRICE AND THE SECOND TARGET PRICE WILL BE AT 4460 BUT BBRI WILL DO HIS 2NDARY REACTION DUE TO 1. STOCHASTIC OVERBOUGHT AREA, 2. DOW THEORY WHICH EVERY MARKET MOVE HAVE PRIMARY AND SECONDARY REACTION, 3. GAP AREA HAVE TO BE CLOSED! 4. CUP AND HANDLE PATTERN!
BBRI Buy On WeaknessTrend : Bullish
Volume : Sejak tanggal 11 Nov 2020, kenaikan harga BBRI tidak disertai oleh kenaikan volum. Itu mengindikasikan kenaikan harga yang terjadi adalah kenaikan yang bertekanan lemah.
Momentum : Terjadi Death-Cross pada area jenuh beli (Overbought) dan juga nampak adanya Bearish Divergence. Itu menandakan pergerakan turun dari BBRI akan segera terjadi.
Pattern : BBRI telah selesai membentuk Bullish Continuation Pattern yang ditandai dengan terbentuknya Swing High pada area resisten harmoniknya (External Retracement 161.8%). Itu mengindikasikan pergerakan turun ke area support harmoniknya (Internal Retracement 61.8%) yang akan membentuk Bullish Secondary Reaction akan segera dimulai lalu diharapkan akan terjadi rejection pada area support harmonik tersebut dan mementalkan harga kembali naik hingga ke area resisten harmonik berikutnya (External Retracement 161.8%).
Price : Target penurunan harga BBRI berada di area 3710 ~ 3540 yang merupakan support harmoniknya (Internal Retracement 61.8%) dan target kenaikan harga BBRI berada di area 4790 yang merupakan resisten harmonik berikutnya (External Retracement 161.8%)
Time : IHSG memiliki lebih dari 80% probalilitas untuk bergerak di dalam tren Bullish ketika matahari berada di Capricorn. Hal tersebut telah diriset oleh Gema Merdeka Goeyardi, CAT, CFTe, MFTA dalam studinya. Oleh karenanya, BBRI juga berpotensi untuk bergerak dalam tren yang sama dengan IHSG sebab BBRI adalah salah satu motor utama penggerak IHSG.
Trading plan : Buy On Weakness pada area 3710 ~ 3540. Take Profit pada area 4790 dan Stop Loss pada support klasiknya di harga 3200. Ini menghasilkan Risk to Reward Ratio 1 : 2.12 dengan peluang profit sebesar 29.11% dan peluang loss sebesar 13.75% sehingga saham BBRI layak untuk ditambahkan ke dalam portfolio.
DISCLAIMER : ON
REKOMENDASI REENTRY BBRI (WAIT OPPORTUNITY, BUY ON WEAKNESS)TEKNIKAL :
- D1 masuk area supply
- D1 belum mampu menembus trendline
FUNDAMENTAL / RUMOR
-
REKOMENDASI :
* BUY LIMIT :
- area 3600 - 3800 reason fibo level 38, level 50 D1, RbS, dan gap
* BUY STOP :
- area 4400 HIGH RISK, reason menembus trendline
TARGET PRICE :
- 4100 - 4200, reason area supplu
- 4700 reason resistent
- HOLD