Hopefully forming Cup and handle or inverted head and shoulder in a bigger view. Volume and flow is quite good. Broker summary shows some serious accumulation from foreign.
I set my long position on 740 - 750 range which was super strong support area (unfortunately already breakdown). I see some counter buying in price range 720 - 730.
Typically slow movement...
BRPT is approaching its minor support in MA20. Although the price went down but still it is in accumulation mode. Opportunity to buy on weakness at 955-965, SL < 940 with target 1: 1020 and target 2: 1100
IDX:BRPT was closed over its resistant on Friday Feb 4, 2022 with volumes above the average MA20. Adjust your trading based on your own plan. As always, disclaimer ON. Divergent also identified ...
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.
It can be seen that BRPT price moves by respecting big triangle shape (for a long time now).
we can wait for good opportunity by buying now (stop loss if triangle broke down) and Take profit when it hit upper line.
Or we can wait for the breakup.
STRONG SUPPORT AT : 950
STRONG RESISTANCE AT : 1050
I prefer yellow trading plan
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am...
BRPT ada potensi membentuk pola flag/pennant pada trend major, pola ini akan konfirm terbentuk jika BRPT tembus resistance 1085. Stop loss 890
Disclaimer on
Last week, with the weekly chart view. I found something interesting with this Stock.
Eventually, the chart pattern was making a bullish penant but past few week price was closing below support trendline of bullish penant.
But,
if we take a look 3 last candle of weekly chart. It created a price action of morning doji star with high volume on the last candle...
coming back into the triangle with regular bullish divergence.
NB: DO MIND that These analyses I posted here are intended as my notes and not as investment recommendations or as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view. LETS CUANN!!!
