Currently, we can see a nice market structure of BANK after a correction along 7 months.
as we can see, there is a potential reversing pattern "Falling Wedge" and also followed by "Double Bottom".
If its breakout with huge volume it would be a great chance for BANK to continuing of its bullish trend.
Overall BANK is still on Bullish outlook.
Note for All...
IDX Small Bank stocks soar pretty well today. I found that BANK chart is quite interesting.
Closed with DOJI, with cross-over stochastic both daily and intraday chart.
There was high volume spike at 2800. VWAP from latest swing high is around 2600-ish.
On intraday chart, VWAP from latest swing low is around 2540, and VPVR indicate POC around 2490...
PT Bank Aladin Syariah Tbk engages in the provision of financial and banking services to Mudharabah, Musyarakah, or other sharia-based contracts. The company was founded on September 16, 1994 and is headquartered in Jakarta, Indonesia.