I believe the current price is strong support, following the better expectation of the bank's financial statement in Q2 2021, the response toward the report could make the price bound to its second resistance point.
As seen in the chart. currently the stock is being sold by major brokers. Based on the technical movement, that is my opinion, about possibility on what to happens.
BBRI stochastic showing golden cross, with accumulation by the big broker in the past 7 days. With an annual general shareholder meeting scheduled on March 29th with agenda of profit usage, dividend rally might push the price point to 4850-4970 at its max. But, today there is a bearish maruboze candlestick appears, meaning the price might go down to 4600 or even...
The stochastic is on golden cross signing the start of bearish market, but with the good performance of CPIN, if the price failed to breakout from 6800 barrier, the price will likely to go down 6600 before bounce back, and in the purple line, depreciated to 6350 before entering the 6800 again. For now, buy if break 6800. First TP at 6950 then 7125. CL if break 6600.
Based on the ICBP financial result of FY2020 they record good sales amidst the pandemic and supported by 2 acquisition transactions. In the long-shot, as the company has a strong root in Indonesia's consumer goods, the company will have a higher gain with a target price of 12,000-14,000. But in the short position, the stock's strong support is at 8125. If break...
VCP pattern is detected on ISAT, showing accumulation as the volume is decreasing from the start of VCP 1 to the end of VCP 3, with pivot is confirmed on 16/03. The ideal buy point 5950-6000, with first TP at 6525 then 6900. Cut loss if price break 5800. To add, golden cross also detected in stochastic chart with huge buy at 16/03
Golden cross detected; the entry point at 12,475. But 3 black crow might appear, watch carefully, if golden cross confirmed by volume in today's transaction, then the price might rebound. First TP at 13,450 then 14,425 then 15,800.
Disclaimer on, not a reccomendation to buy.
Golden cross is detected in the Stochastic chart, with low RSI, but it's not confirmed yet as the sell parade still lingers even though it's tight. If the price strengthens in following days, might be the right entry point. TP at 1510, 1580 then 1660.
Failed to confirm the golden cross, I think it's safe to accumulate on weakness price for a longer strategy. Considering the company's order book in 2021 which is massive, the price could reach at least 2000. It's not a recommendation to buy, just my opinion
