Bank Mandiri on the daily timeframe appears to be showing a harmonic pattern, namely a bullish bat pattern at the same time a falling wedge pattern can be acted upon which strengthens the price to rise in the future. stochastic is also showing oversold. The target price can be set based on the gap area around Rp. 7300, - Disclaimer on!
This is my analysis about Bank Mandiri Tbk. Not a financial advice
- I found BMRI just losing the momentum - After follow up this stock just forming Rising Wedge Pattern - RSI Indicator (Stoch) just tell us that BMRI is overbought - So do Indonesian Composite Index just showing the overbought signal
TEKNIKAL : - D1 indikasi double top - D1 belum mampu menembus fibo weekly level 61 - Candle D1 18 Nov bullish power candle but sebelumnya ada doji FUNDAMENTAL / RUMOR - REKOMENDASI : * BUY LIMIT : - area 5900 reason fibo level 50 D1 & RbS * BUY STOP : - area 6700 HIGH RISK, reason terdapat trendline dari candle-candle sebelumnya TARGET PRICE : - 6500, reason...
Please watch IDX:BMRI closely. Volume is rising, and giving a good momentum to break 6350 resistance in no time. Bear in mind, IDX:BMRI is SOE bank with biggest asset in Indonesia. I recommend buy with target price 7200.
Invalid kalau 1.Harga tidak menyentuh zona hijau 2.Stoch tidak bounce pada garis putih 3.Harga melewati zona merah
INVALIDATION Harga lewat dari zona ijo Stoch gagal retrace pada garis putih