tired of "Indonesia Common Big Bank" ? try this BNGAAfter I rebalance my portofolio and invest strategy, I turn to try "Dividen Investing" from Indonesia Stock haha
So basicly, I post this just for timing when to entry, and now is good time to entry IDX:BNGA
Fundamental Analysis:
Net Income consistent to growth year after year
"Sexy" Dividen Yield for Banking Sector
Dividen Payout Ratio (DPR) 50% on average each year. I think it's good because it sign if IDX:BNGA still have room to growth
Technical Analysis: (to know is a time to entry or not yet)
Success to break 1,785 (resistance level and this 0.5 Fib Retracement)
Huge Volume after touch the EMA 50 (Bulish Engulfing Candle appear)
Good time to have beautifull Risk&Reward set up (if you want short term)
I just entry this and hold for long time.
But, if you want short time, maybe you can try this set up
Entry : 1,785 - 1,800
TP : 2,010
SL : 1,720
Risk&Reward Ratio : 1:3.46
DYOR
This post just share my ideas, not financial advice
Thankyou for reading, and maybe good thing always come for all of us!
BNGA trade ideas
BNGA (VCP - 26W 9/3 4T)I have my positions
February 5, 2024
Reasons:
1. Low-risk entry point
2. Confirmed stage 2 uptrend
3. Has gone through a majority line of supply
4. A very clear supply coming right across the red line where all the action happen as far as where it's been denied
5. High relative strength
6. Volume dries up as less supply coming to the market
7. A huge volume on the breakout
8. Strong fundamental standpoint.
Flaws:
1. The market is still in a hard-penny environment, not much confirmation from the momentum stocks with only 25% of total stocks above the 200-day moving average
2. The index is moving higher but there are still less stocks setting up.
I bought my big position last week and couldn't manage to add more today on the breakout. I like to see some follow through action from now.
BNGA: Banking's Bullish Outlook May PersistsHi Fellow Traders!
The current trend indicates a bullish continuation pattern , characterized by the price making new highs and new lows. Following this, there is a significant breakout from the falling wedge pattern, accompanied by substantial trading volumes and the appearance of a bullish marubozu candlestick. Additionally, the Stochastic has also formed a golden cross in the oversold area, indicating the potential for an upward movement in BNGA. Through a comprehensive analysis of these technical factors, it is reasonable to conclude that BNGA is well-positioned to sustain its upward momentum and advance toward the target area.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered as a recommendation to take a long or short position on
IDX:BNGA ."
BNGAStill channeling up with level of support on 1590 and resistance on 1635
if today's closing price is under the open price, there is possibility for three black crows pattern to be confirmed. Next support level is on 1560.
catalyst: Q2 report will be released this month (expected higher than last year and last quarter)
notes: if we look the history price back then on 2011, There are resistance on 1675 and 1830 that haven't been touched for a while.
BNGANB: DO MIND that These analyses I posted here are intended as my notes and not as investment recommendations or as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view. LETS CUANN!!!
-20 feb 2021 trading analysis BNGA-20 feb 2021
trading analysis BNGA
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
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down trend for skenario 1 will follow line yellow color, if break wait for next support to channel line 2 and my predict need to long time if follow green line
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good luck, and happy profit
see you for next update
#keep learning bakkarianz metode
Forming Bullish Reversal, BNGA to rise to Rp1,140BNGA is ending Downtrend by forming Bullish Reversal (most likely Double Bottom where Bottoms lie in Rp920). BNGA has to risen to Rp1,140 to finish Bullish Revesal (Double Bottom) where a Breakout above Rp1,140 would lead BNGA to the pattern's target at Rp1,400.