fariz_mau

BUY AGRO

Long
fariz_mau Updated   
IDX:AGRO   BANK RAYA INDONESIA TBK
Buy area at 2480-2460
Stop lose if break 2300
TP at 2850 for 1 week (swing trade)

On 28 September 2021 at 14.00 WIB, Bank Agro will hold a meeting with shareholders (RUPS).
with agenda, discussion
1. company name change
2. Super apps launch

With this good catalyst, we can assume that market players will increase AGRO's stock price. AGRO
Comment:
correct: on 27 September 2021
Trade active:
Due to the hype of traders and investors, this morning's stock price did not manage to correct (according to the target), so it was possible to entry in stages, the first stage can be entry at 2530-2520. And the second stage can be entry at 2480-2460.

use money management
Comment:
The results of today's RUPS include:
1. change the company name from "bank agroniaga" to "bank raya"
2. the company conducts a rights issue. the company plans to issue a maximum of 2.15 billion shares with a nominal value of Rp100 per share which will be offered through the PMHMETD. The number of new shares issued is equivalent to 9.96 percent of the issued and fully paid-up capital of the company on July 31, 2021.
Trade closed: stop reached:
hit stop loss

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