It seems IHSG is riding on a channel for the last 17 years+, whenever it reached a new high in Fib Channel it went down to test the channel bottom, or in 2 extreme cases exited the channel, (we can consider them black swan events). Now our current situation the Global sentiments are negative are driven by the Fed interest rate hike, Russia conflict, and China's...
In the next one month, BJBR will probably test 1255,1245 or even 1215... a potential buying opportunity. As the fundamentals of the company is solid.
if due to Macro situation, Fed Interest hike, Ukraine situation gets worse. market goes negative. then it can come to 1195 LVL but unlikely.
Anyway.. this is a personal POV , everyone should do their own analysis....
PTBA, Fundamentals looking very strong, numbers looking good. The monthly chart indicates Positive movement. I think there will be momentum in Late Feb or Early March.
Once it crosses 3000 a key FIB level to watch, the upside is huge, April May June is a possible Dividend season, so all indicate positive.
if due to Macro situation, Fed Interest hike, Ukraine...
It's interesting how UNVR is following the Fib Arc. Bullish mid to long term.
Personal analysis, not intended to advise to buy or sell UNVR for anyone.
