BBCA is now forming a Head and Shoulder pattern. Supporting the gap on 7625, the possible scenario is this stock will drop to that area before it makes a turnover. Investors are to expect around -12% (Calculated from today's -6th Feb 2023- price) and traders could be taking this chance to short the stock while it drops.
If you are looking to invest in this stock...
Technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume.
Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Like weather forecasting, technical analysis does not result in absolute predictions about the future.
Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Like weather forecasting, technical analysis does not result in absolute predictions about the future.
My idea, price soon will be bounce. Good support at the square and dynamic support - blue line...
Just look at the chart. I think chart speak enough..
Taking profit as you want.. There's a red dot line as dynamic resistance..
SL if daily close inside
Do your own researh
Disclaimer On
Trade with your own decision
IHSG for the next 1 year, based on chart pattern analysis.
1. Macro resistance breakout at 6600 in October 2021, resistance area turns into support.
2. Retesting macro support area in May 2022.
3. Form a bullish channel pattern, with 2% support tolerance.
Technically if the price goes down then it will not be less than 6600.
Bullish target up to 7350-8000....
Nice area for akumulation now... Buy more if price down 525.. But I think it will not going there..
980-1090 good area for taking profit..
DisclaimerOn
DYOR
NFA
Trade with your own decision
Two scenarios now..
Just look at the chart and arrows..
price movement like 1st arrow, will buy when break resistance..
or 2nd arrow, wait for support...
white trendline is my concern
Disclaimer on... DYOR
Buy and sell with your own decision..
Good consolidation.. Nice demand..
My options for long
1. Wait when price breakout white trendline... SL 2820 daily close.. TP 3090-3500
or
2. Averaging.. 3 times... a. at market price, b. 2700, c. 2520 ..
SL price breakdown 2440 daily close.. about 9%
Disclaimer on.. DYOR
Buy and sell at your own decision...
No buying option until price breakout resistance at bluesquare area.. Look price wants to break resistance but failed.. Just wait ..
Disclaimer ON.. DYOR
Looks good at this area.. Wait for bounce at dynamic support blue line and break blue trendline... And take profit at area blue square.. SL if price below 4710 daily close..
disclaimer on.. DYOR..
I found it pretty interesting, here are the points:
1. support line really holding the price up until now, it bounces back price every time price came near of it.
2. my wave count tells me that the correction from 3600 high is near the ending.
3. 0.786 fibo level act as support too, that pulled and pushed the price like a magnet, i believe there was range of...
DISCLAIMER ON
This analysis is not financial advice. Please note that you are responsible for your own investments. This chart only represents my opinion and view about the stock market in general and may be used only for educational purposes.
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