Saham
BBRI 22 Apr overall risk:
the price already creating LL (orange) the risk is higher for me.
Strong support range 4830~ 4620 bottom purple box
but this is our chance to get discount price at LL / shadow MN. hoping it can reach the shoulder at minimum next month.
24Apr Earning & Revenue
Buy price:
-H4 fib & TL can be our buy range: 5100
-Also prepare for avg down if 24Apr report is red / under than estimate.
safety buy, wait D1 closed above 5350 then buy at retrace.
Target:
T1 5650
T2 5900
T3 as invest
no CL for me as long as the price D1 still above 4600 (+-10% SL). just play with the cap as long as your holding Avg price under 5650.
Disc: SL max at your own Money management plan
BBCA 5 APRthe last BBCA map already closed BEP (-0%)
yesterday price closed above 9775
this chart is 2nd try with new buy area.
remember that at this time, the wave already create new LowerLow means the risk is higher.. do your MM
or wait when the price near 9300 or above 10100 area if you dont want to take risk at current position.
Buy area 9775 ~ 9625
Price under 9575 = CL BEP or 9700
risk still the same, lower TL and SBR higher TF 9350 ~9200
ICBP (MONTHLY) ELLIOT WAVE PREDICT : END OF ABC CORRECTION?ICBP most likely will make an impulsive movement (5 wave rally) after the big correction (ABC correction).
The new 5 impulsive movement is on the way and will take ICBP to new All Time High.
There is Falling Wegde Pattern too (Continuation Pattern), and the Stochastic in monthly indicate the price is already in Oversold area and start crossing + Bullish Divergence
But this is Monthly Chart we are talking about so just be Patient because it will takes Months or maybe Years.
But we know the Trend will became Bullish in Long game.
In Short ICBP Have
Trend : Bullish 5 Wave Rally
Pattern : Falling Wedge
Stochastic : Oversold (Already Crossing) + Bullish Divergence
TARGET PRICE 12575 or HIGHER (ALL TIME HIGH)
DISCLAIMER ON
GOTO: Price Action Analysis After TikTok's AcquisitionTikTok, owned by ByteDance Ltd., has entered into a significant agreement to invest $1.5 billion in a joint venture with Indonesia's GoTo Group. As part of this deal, TikTok will acquire 75.01% of GoTo's PT Tokopedia for $840 million. This strategic move involves integrating TikTok Shop's Indonesia business into the expanded entity, marking TikTok's return to the e-commerce landscape in Indonesia. The partnership aims to navigate and strengthen the online retail market, presenting a substantial investment by TikTok in the region. The acquisition is set to reshape the e-commerce landscape and boost market competition.
The initial market response has been negative, potentially influenced by profit-taking after a strong run-up. Some analysts believe the negative sentiment could stem from concerns regarding the impact of the acquisition on both TikTok and Tokopedia's market positions.
Now, Let's delve deeper into the technical analysis of GOTO
After facing multiple rejections around a significant resistance area and a dynamic resistance line (EMA 200 Line), the price exhibited the formation of a rising wedge pattern. This pattern, marked by two converging upward-trending lines, saw a subsequent breakout characterized by a bearish Marubozu candlestick and a notable increase in trading volume. This occurrence suggests a continuation of the bearish trend, emphasizing the strong selling pressure in the market. The confirmation of this potential bearish scenario is further supported by the MACD Indicator, which exhibited a death cross. The convergence of these technical signals indicates a robust indication of ongoing bearish momentum toward the target area.
It is essential to note that the analysis will no longer hold validity once the target/resistance area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on IDX:GOTO ."
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BBRI : Rebound, Targeting Rp5750 pre-2024 Election VolatilityOn November 1, 2023, Bank Rakyat Indonesia (BBRI) stock exhibited a notable touch on the lower trendline at Rp4930. This technical analysis delves into the implications of this touch, marked by a bullish pattern and rapid ascent, further substantiated by the stock's position above the Exponential Moving Average (EMA) 200 and a positive MACD crossover. The objective is to explore the basis for the continuation of the upward trend with a potential target range of Rp5750 before the anticipated market volatility preceding the 2024 Indonesian elections.
Technical Analysis:
Lower Trendline Touch and Bullish Pattern:
- The touch on the lower trendline at Rp4930 signals a substantial support level, suggesting a potential trend reversal.
- The emergence of a bullish pattern reinforces the positive sentiment, indicative of a swift upward movement.
EMA 200 Position:
- The stock's positioning above the EMA 200 signifies a robust long-term momentum.
- The close proximity of the stock price to the EMA 200 provides additional confirmation of the potential for a sustained upward trend.
MACD Conditions:
- The MACD exhibits a bullish condition with a crossover of the signal line to the upside and a positive histogram.
- The bullish signal from MACD supports the notion that buyer momentum is on the rise.
Upside Target:
Upper Target (Resistance):
- Given the confirmation from the trendline, EMA 200, and MACD, the initial upside target is set around Rp5750 or higher.
- This level encapsulates potential technical resistance that the BBRI stock may encounter during its upward trajectory.
Additional Analysis:
Supplementary Indicators:
- Further confirmation from auxiliary indicators like RSI and trading volume is recommended to provide a comprehensive view of trend strength and market participation.
Market News Monitoring:
- The potential for market volatility leading up to the 2024 Indonesian elections underscores the importance of vigilantly monitoring market news and political developments.
Risk Considerations:
Stop-Loss:
- Effective risk management involves placing a stop-loss beneath the trendline or support level.
Conclusion:
In conclusion, BBRI stock presents a compelling case for a continuation of its upward trajectory, supported by the confirmation from the trendline, EMA 200, and MACD. With a potential upside target of Rp5750, investors should remain vigilant as the market navigates the uncertainties leading up to the 2024 Indonesian elections. Regularly updating analyses in response to evolving market conditions and seeking advice from financial professionals is advisable before making investment decisions.
SIDO: Breakout of Bearish Channel, Bullish Outlook Ahead?Hello Fellow Stock Traders, Here's a Technical Analysis of SIDO!
Industri Jamu & Farmasi Sido Muncul (SIDO) has demonstrated significant price development by breaking out of its bearish channel. This price action indicates the beginning of a bullish trend in the stock, accompanied by a bullish candlestick pattern and increased trading volume.
Moreover, the bullish outlook is further supported by the appearance of a golden cross on the MACD Indicator. The presence of a golden cross in this context typically suggests a higher probability of upward movement toward the target area.
Considering these technical factors, the current price action, and the indicators, a positive outlook is projected for SIDO. This suggests a potential upward trajectory in the near term.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
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Disclaimer:
Please note that this analysis is solely for educational purposes and should not be considered as a recommendation to take a long or short position on $SIDO.
UNVR forms a wyckoff diagonal accumulation scheme ??UNVR is a consumer goods stock listed on the Indonesia Stock Exchange. UNVR forms a wyckoff diagonal accumulation scheme ?? currently the diagonal scheme is still unstable and may form horizontal. while waiting for that certainty, the price will try to touch the level of Rp. 5,000 before falling again.
TIMECOM awaiting breakout to the upsideMYX:TIMECOM awaiting a breakout of RM5.70 to the upside. Initial targets being RM5.95 with stops below RM5.58.
These are my views and analysis and is only used for educational purposes. I am not a financial advisor.
Nothing in the information posted here is intended to be or should be interpreted as trading advice.
HEXTECH awating breakout2022's multibagger stock MYX:HEXTECH has seen consolidation since the start of 2023. Keeping my eye on a breakout of 23.66, with stops at 22.26 and targeting towards 27.06 area.
These are my views and analysis and is only used for educational purposes. I am not a financial advisor.
Nothing in the information posted here is intended to be or should be interpreted as trading advice.
TOPGLOV: Downtrend continues?Back when MYX:TOPGLOV was trading at RM7.29, I posted and idea of a downtrend forming. People laughed.
After a few more other update posts, it is now trading below the RM1 mark. Expecting prices to tumble further if it manages to break below RM0.81.
Denial does not make the stock rebound. Why not trade what we see instead of what we think?
TLKM: Inverted Head & Shoulders, Trend Reversal Scenario?Hello Fellow Global Stock Trader, Here's a Technical outlook for TLKM!
Price Action Analysis
On the Daily Timeframe, TLKM is moving above EMA200. Then, the stock created a breakout of the inverted head & shoulder, indicating a trend reversal. The MACD Indicator created a hidden bullish divergence, signifying a possible upside movement to the target area.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the TLKM"
AKRA: China Covid's Reopening. Oil Stock Bullish Bias Ahead?Hello Fellow Global Stock Traders, Here's a Technical outlook on AKRA!
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Price Action Analysis
AKRA is moving above its bullish trendline. Recently, AKRA has rebounded on the Fibonacci Ratio Area. Furthermore, The Breakout of the Bullish Flag Pattern also gave us a strong indication of possible bullish bias ahead. The momentum indicator made a golden cross, signifying a possible upside movement to the target area.
Fundamental Drive
-China's COVID-19 reopening is expected to increase oil demand in 2023 (Good Sentiment For Oil Stock).
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ Support area.
" Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the AKRA"
MEDC: Commodity Stocks Still Has a Chance to Create New High?Hello Fellow Stock Trader and Investor!
Price Action Analysis
MEDC has moved above the dynamic trendline and bullish trendline. The breakout of a falling wedge pattern indicates a possible upside movement ahead. Furthermore, the momentum indicator makes a golden cross, signifying a possible upside movement to the target area.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the MEDC"
PMMP: Breakout With Volume Spike,Sign of Optimism in the Market?Hello Fellow Stock Global Trader/Investor!
Price Action Analysis
PMMP has broken out of the bearish channeling pattern. The breakout accompanies by the Volume Spike and Bullish Marubozu Candlestick. The MACD Indicator made a death cross, signifying a possible upside movement to the target area.
Fundamental Drives
1. Indonesia Ended the Covid Restrictive Policy on December 2022
2. Indonesia's economy advanced by 5.72% YoY in Q3 of 2022, indicating a recovery from the pre-pandemic era.
3. PMMP Target a 25% Revenue Growth By the End of 2023.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the PMMP"
CPIN: Poultry and Consumer Defensive Stocks Possible Bull Run?Hello Fellow Stock Global Trader/Investor! Here's Technical Outlook on CPIN
Chart Perspective
CPIN is moving in the bullish continuation. The breakout of the bearish trendline and bullish flag indicated a potential bullish bias ahead. Furthermore, the momentum indicator made a golden cross, indicating a possible upside movement to the target area.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the CPIN"