BBRI Breaking DowntrendFakeout after drawing ascending wedge and break down wedge trendline BBRI posible to visit 4100 and 3500 if break 4500
Trade ideas
BBRI Is Going To Bottom in Mid-DecemberAfter a constant barrage of selling from March until June, and then quite of a rebound from 4100 to 5600 (almost 40%), BBRI continues to dive almost everyday since mid-September. This is supported by the huge foreign outflow BBRI has been suffering. Last Friday, BBRI's foreign outflow amounts to IDR823 billion. To put into perspective, IHSG Friday foreign outflow is IDR1.6 trillion, which means BBRI accounts for more than half of the outflow from IHSG.
Technical wise, BBRI has now constantly being traded under its 200 day moving average for almost 3 months. BBRI will most likely complete the (iii) wave of the C wave next week around 4100. Volume on last Friday's trading is relatively large. This means selling has not eased yet. I believe BBRI will bottom under 4000 ; 3700-3800
BBRI Will be Back to 3500.IDX:BBRI , weekly chart, ABW pattern.
There was an ABW (ascending broadening wedge) pattern detected. So, if we measured the high of the pattern, and took that value to the price where it breaks the bottom line of the pattern, we will see the next target price of the downhill is 3500.
BBRI is still on downtrend, what is a good entry price?I shared especially for mid to longterm investor,
I believe that right now BBRI is still on a downtrend to complete its WAVE C of ABC correction.
I have some levels to be considered for entry price for BBRI, first is as low as WAVE A (see the chart), and second is the supply and demand zone.
So.. LET'S DO IT!
CHEEERRRSS!!!
BBRI Signal Strong Bullishbuy, sleep, 2025=WakeUp
kalian dapat set stop lost sesuai analysis berikut
let's go Q4 Rally !!!!
BBRI - Potential of Inverse Head and Shoulder - finger crossed !BBRI looks like forming inverse Head and Shoulder.
If successful, we will see some nice upside in line with my previous post on harmonic pattern for BBRI.
BBRI in accumulation zone BBRI has been beaten down badly in the last 2 months.
Market fear the increasing NPL and worsen economy but forgetting that BBRI still posted record profit recently. (BBRI has highest profit in Indonesia)
Management also initiated a stock buyback to support the prices.
So, if your stomach can withstand the downturn period for some time, this is the time blue chips can give you massive return in not so distance future.
BBRI waiting for Fibo 0.618 RetracementIn the daily timeframe, a breakout of the market structure is visible, but it is expected to correct to the Fibonacci 0.618 to be able to take the opportunity for a good trading range to make a profit.
#BBRI #fibonacci #priceaction #marketstructure
BBRILast candle already in the support line
if we see the price and MACD, we can be sure that is a divergence
if today's candle is closing higher than yesterday, there is a potential this stock will be rebound
diclaimer_on
BBRI second breakout from cp&handle necklineBBRI managed to breakout the second time from cup&handle neckline with even stronger volume compared to the last Failed breakout.
As usual, strategy for 4 big banks in only buy buy and buy.
BBRI (Bank Rakyat Indonesia)Intense Correction Underway for BRI with Support Zone at 3790-3510, Followed by Resurgence Towards 8000-8200 Range
BRI is currently amidst a pronounced correction phase, marked by robust downward momentum. The price is anticipated to sustain its descent, targeting the range of 3790 to 3510. This decline is propelled by significant selling pressure, potentially attributed to broader market sentiments or company-specific factors.
The forthcoming support zone of 3790-3510 holds critical importance, as it aligns with key technical levels and historical price action. Additionally, this range coincides with notable Fibonacci retracement levels, adding further credence to its significance.
Amidst this corrective period, it's imperative for investors to exercise caution and monitor price developments closely. While the downtrend persists, establishing strategic entry points within the aforementioned support zone could present lucrative opportunities for long-term investors.
Looking ahead, once the corrective phase subsides, BRI is poised for a resurgence, targeting the range of 8000 to 8200. This anticipated uptrend is underpinned by fundamental strengths and technical indicators, akin to the analysis provided previously.
Similar to any investment, risk management remains paramount. Monitoring market dynamics, company-specific news, and broader economic indicators will aid in navigating the inherent uncertainties of the market.
In summary, BRI is currently undergoing a substantial correction, with a projected support zone at 3790-3510, followed by a bullish resurgence towards the range of 8000-8200. Vigilance, coupled with a strategic approach to entry and risk management, will be instrumental in capitalizing on the potential opportunities presented by this market movement.
BBRI Falling WedgeAs we can see, BBRI chart right now looks like a falling wedge, and why is BBRI jump up to 4%?
if we look at the price BBRI is on demand area, please make sure with your trading plan, and this is my opinion.
BBRI 4500My first target tomorrow is 4500 if succeed in breaking out at 4830, with some confluences daily POC around 4550 & Fibo golden zone 61.8.
BBRI 3 Apr 24RBS, Pattern, Vol
buy 5600 (50% cap) ; 5475 (50% cap)
price D1 closed under 5350 = consider CL 5575
T1 5850 ( RR 1:1)
T2 6100 (RR 1: 2.2)
T3 6700
BBRI 22 Apr overall risk:
the price already creating LL (orange) the risk is higher for me.
Strong support range 4830~ 4620 bottom purple box
but this is our chance to get discount price at LL / shadow MN. hoping it can reach the shoulder at minimum next month.
24Apr Earning & Revenue
Buy price:
-H4 fib & TL can be our buy range: 5100
-Also prepare for avg down if 24Apr report is red / under than estimate.
safety buy, wait D1 closed above 5350 then buy at retrace.
Target:
T1 5650
T2 5900
T3 as invest
no CL for me as long as the price D1 still above 4600 (+-10% SL). just play with the cap as long as your holding Avg price under 5650.
Disc: SL max at your own Money management plan
BBRI aiming for All Time HighAfter rebound in area 0.618 - 0.5 Fibonacci, BBRI could break all time high. If can break area 5700 and maintain above those level. It can go till 6300 where fibbo extension level is there
BBRI ANALYSISHi Everyone!
BBRI Stock today
BBRI Analyze ( IDX ), 1-week time frame ⏰
My expectation is that BBRI can breakout Resistance 5700, and if you want to BUY BBRI, you can BUY ON BREAKOUT, OR BUY ON RETEST
Or you can DCA, Buy on Breakout and if the price breakdown to retest area, you can buy again
but, Don't forget set up your trading plan, risk reward.
invalid if price touch under 4840
Good luck Guys!
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BBRI Butterfly and cup handle target confluenceBBRI cup and handle target confluence with butterfly pattern.
hopefully target will be achieved soon after breaking new all time high recently.
congrats for those who follows this idea
