Hanjaya Mandala Sampoerna (IDX:HMSP) had missed the bullish run and now are dumping with Double Bottom target is 875-825 and Death Bounce target is 1095-1065. After double bottom, HMSP will continue rally up to 1450. Keep in mind, double bottom usually will perform W-Harmonic Pattern. I shall update the chart later.
HMSP. D1. Accumulation.
2 option for entry:
1. Buy on breakout. Entry at 950-955.
2. Near the support area. Entry at 905-915.
SL 900
TP1 985
TP2 1000
TP3 1055
⚠️ Manage your expectation, because it still in bearish trend.
⚠️ Mind your money management.
IDX:HMSP
DYOR
Disclaimer On
Long term investment, i'm still waiting this stock at 460
Indonesia has a lot of smokers between 15-50 years old, cigarettes in indonesia is relatively cheap,
if indonesia economic growth more further, i assume lot of indonesian smokers will be back buying a premium cigarettes like sampoerna
This stock is still in a downtrend. But if you're a dividend investor, this stock would be a pretty good bargain. There's a bullish divergence on the weekly timeframe indicating that we will probably see a bounce. The price has also rebounded from the 1k level. Since this stock is still in a downtrend, it's less likely that we would see an immediate trend reversal...
IDX:HMSP
Things to consider IDX:HMSP :
- Acquisition of Pharmacy Company which produce Asthma Inhaler ( Vectura Group PLC ) as much as 74.77 %
This action was deemed to be a major leap for "Beyond Nicotine" products from IDX:HMSP which reportedly aimed to produce a net income of US$1 billion on 2025.
- HMSP reported an increase in revenue in the second...
Is one of my Favorite
Why?
1. Market Cap 159.36 T
2. The Lowest PBVR in 10 years is 4.6x Currently 5.8x higest is 53.5
3. DPR 101,5% in 2019
4. Devidend Yield 8,3%
5. DER is below 60%
On TA View is on GOOD Sign on FIBO RETRACEMENT
The retracement of IDX gives us second opportunity to grab HMSP.
Shown here is a 4 hour timeframe analysis
Several data to support this analysis (based on multiple timeframe)
1. The downside to the level of 1270 close the previous gap seen in 1 Hour TF and now closed.
2. Market structure breaking previous supply zone seen in 4 hr tf and 1d TF happened in May...
Disclaimer On, personal opinion not financial advice.
Thing to consider:
- HSMP just close below gap, then making some bull run
- There is upper gap that can be considered
- Slow Stochastic(24,15,10) show that we're now at deep oversold
- Bull Inside bar just created today
Trade plan:
- make entry around Fibonacci 0.236 (1395)
- Cut loss below 0.236 Fibonacci
-...
