Buy 6650 ~ 6550 Price closed under 6450 = CL 6600 T1 7125 T2 7400 T3 Bullish trend, possible new HH (last low 6225 by Fib W1)
Hello Fellow Stock Traders, Here's a Technical Analysis of BMRI! After successfully overcoming a significant resistance area, BMRI (Bank Mandiri) experienced a subsequent pullback, thereby establishing a new support level. Analyzing the trend perspective, it is observed that BMRI's price movement surged above the EMA 34 Line, which is a promising indicator of a...
I bought my positions today January 4, 2024 Reasons: 1. Low-risk entry point 2. Confirmed stage 2 uptrend 3. Has gone through four majority line of supplies 4. Offers multiple entries at a cheat area and a handle 5. The base has VCP characteristics 6. High relative strength 6. Volume dries up as less supply coming to the market 7. Huge volume on the...
BMRI is testing neckline at 6025 and failed to breakout. However, I am very positive that BMRI will breakout 6025 and soon 6150 very soon to reach all time high. As one of the 4 big banks in Indonesia, the strategy for BMRI is only buy buy and buy
BMRI finally broke out from its sideways range and on track to complete the Gartley pattern. BMRI is one of the 4 big banks in Indonesia and the strategy is only LONG !
Currently, the movement of Bank Mandiri (BMRI) shares is experiencing sideways and forming an Ascending Triangle Pattern in the range 5950-6100. If BMRI manages to close above 6200 it will go to 6500-6600
Congrats for those who holding on Big Banks. BMRI going strong to All Time High today !!!
BMRI already reached smaller cup and handle target, on the way for bigger cup and handle target. congrats for those who follows this idea
I bought my positions today July 20, 2023 The reasons: 1. Low-risk pivot entry 2. A quintessential long-base VCP 3. The stock is at its all-time high with a six months base 4. It is in a confirmed stage 2 uptrend 5. It developed a crisp setup during the market correction 6. It has a high relative strength line Flaw: The general market is still declining I'm...
BMRI has made a cup and handle pattern and has breakout. Potentially longterm BMRI will go to Rp12,100 (last target). But before we see BMRI moving upward, we'll see a retest on the area Rp10,300-Rp10,350. And that's where I will be putting my trades on. Take Profit target 1 is at Rp11,000 & don't forget to set breakeven. Stop loss is area Rp10,150. This is a...
A symmetrical triangle pattern appeared since Feb'20 to Jan'22, and create a foreseeable target price IDX:BMRI at 11,250. The price was hit 11,000 in Dec 6th, 2022, nearly hit 11,250 as a mirroring projection to the symmetrical triangle, and making a corrective wave so far. I used Fibonacci Retracement to find its reversal point, and finally found it at 8,375 to...
BMRI My Bullish View. Target 2 Cup and Handle. Target 1 Supply Zone. Strong Resistance.
I got my position today, the stock broke out on huge volume. I like to see if it can hold up and follow-throughs for the next upcoming days.
weak support at 7775 weak resistance at 8050 I Prefer green 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 not...
31th January 2021: Analisys BMRI: @Long 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 not responsible for any trades, and...
medium support at 7400 weak resistance at 7775 I Prefer green 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 not...
BMRI is overall uptrend and now create cup and handle pattern.
MEDIUM RESISTANCE AT 7175 WEAK SUPPORT AT 6850 I prefer green 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 not...