From that technical scenario, strong bearish was detected on PT. BANK RAKYAT INDONESIA (Persero) Tbk. BBRI.JK
It's construct the harmonic ABCD Pattern that indicated if stock price still have enough power to drop more.
It's possible when we actually know if company performance drop on QoQ due to pandemic diseases. Profitablity ratios just drop about 5% than last year.
BBRI akan mencoba tembus resistance 2910. Jika tembus TP di 3100. Pattern yang pantas adalah wedge yang memungkinkan 2 skenario, 1 dan 2. Kemungkinann akan ada pergerakan di beberapa hari kedepan. Support ada di kisaran 2790 - 2810. Indikator MACD menunjukan adanya bullish divergence.
BBRI is going to make ABCD Pattern with target at 4390 in the short term trade. Point C at 61.8% from AB and point D at 161.8% from BC. BBRI is starting to create a new trend.
Saham BBRI saat ini mulai akan melanjutkan trend bullishnya dengan target harga pada Rp5,200 . Pennant pattern pada skala besar ditambah dengan Hidden bullish divergence menjadi alasan besar saham BBRI untuk berlanjut dalam trend bullish. Buy on weakness. selama tidak turun dibawah 3,950.
Gema Goeyardi,CAT,CFTe,MFTA,CWM
