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About MITRA PINASTHIKA MUSTIKA TBK
Sector
Distribution Services
Industry
Wholesale Distributors
CEO
Suwito Mawarwati
Website
mpmgroup.co.id
Headquarters
Jakarta
Employees
1.55K
Founded
1987
ISIN
ID1000127202
PT Mitra Pinasthika Mustika Tbk engages in the distribution and sale of motorcycles and automobiles. It operates through the following business segments: Distribution, Retail, and After Market, Transportation, and Others. The Distribution, Retail, and After Market segment includes the purchasing, sale, and services of two-wheel motor vehicles. The Transportation segment provides transportation solutions. The Other segment includes general insurance business. The company was founded by William Soeryadjaya on November 2, 1987 and is headquartered in Jakarta, Indonesia.
MPMX - buy on weaknessesEntry 1000-1050, Stop loss 940, Take Profit 1345.
- Uptrend
- No significant distribution during the pullback.
- Risk reward is good >1:2.
- Retracement at Fibonacci 0.618.
MPMX Swing TradePotential Entry "Flag Pattern"
Dollar Cost Averaging Technique "BUY ON PULLBACK"
B1 1055
B2 1010
SL 990
TP1 1230
TP2 1310
TP3 1405
Positive :
Good earning in 2021 and 15% growth expected in 2022
High dividend yield
Reasonable DER
BIG CASH
Negative:
High Risk for entry too high.
Foreign Start Se
MPMX (CUP WITH HANDLE)The stock setting up a pivot buy area on its handle, the stock has quite a long base which is very good to me. Also, I have determined a staggered stop based on mathematical sense.
Well, I like to see some action here to trigger my breakout level.
MPMX Regular Bullish divergence, but strugling to break above 23 FIb Retracement. IT would be nice if it can go above that.
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
idx: MPMX monthly buy @750 [RR 5.36]MPMX, monthly
buy @750
SL= 610
TP= 1500
Risk 500K IDR
Lot = 35 LOT
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
