BBNI Buy on Weakness at or better 8.225, take profit R1 9.200.
After the long Eid holiday in Indonesia, the IHSG was corrected in 4 days by 8.7%. BBNI chart is relatively the same as the slow stochastic condition with the JCI, which is in an oversold position (yellow circle), which means that for now BBNI is in a buy on weakness condition.
Comment
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1 more tick touches the profit target at 24 May 2022, we will see
Hi there, cracking job on posting your first chart. We hope you found it an easy task. Let us know if you have any feedback. ✌🏽from mod @Nico.Muselle, TradingView moderator
Yess, maybe tomorrow BBNI will be green and I will update the recommendation status to close, target reached. do you trade in the Indonesian stock market too ?
herkuljee
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@Nahri, Not personally but on behalf of an Indonesian family member. Actually, I see the long term prospectus good with Indonesian stocks and time should be okay now to gradually start buying stocks. After selling our kos-kosan and ruko there's decent amount of money to invest into stock market for a long time horizon in mind.
Nahri
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@herkuljee, i agree about your view indonesia stocks market and your mindset. happy invest
✌🏽from mod @Nico.Muselle, TradingView moderator