BBRI has been beaten down badly in the last 2 months. Market fear the increasing NPL and worsen economy but forgetting that BBRI still posted record profit recently. (BBRI has highest profit in Indonesia) Management also initiated a stock buyback to support the prices. So, if your stomach can withstand the downturn period for some time, this is the time blue...
BSDE pullback from cup and handle neckline. Potential forming HnS pattern with pullback target (rough estimate only) confluence to Point C of Gartley Pattern. If price pullback to Point C of Gartley and back up to HnS neckline, the HnS pattern will be completed and hopefully continue to the upside to complete the Gartley Pattern. Finger Crossed !
BFIN has the potential to form HnS pattern after completing previous cup&handle pattern
ACES potential forming Gartley on Monthly chart. Current downside has potential to reached point C. Happen Point C also the 61.8 retracement of recent fibonacci retracement leg.
BBNI pullback from neckline and now back on the neckline. Hopefully this time price will be able to breakout from the neckline and keep going up !!
BBRI managed to breakout the second time from cup&handle neckline with even stronger volume compared to the last Failed breakout. As usual, strategy for 4 big banks in only buy buy and buy.
BTPS has several confluence on fibonacci retracement, fibonacci extension and potential double bottom for huge upside potential at least above 2100.
BMRI already reached smaller cup and handle target, on the way for bigger cup and handle target. congrats for those who follows this idea
BBRI break all time high and on the way to complete cup and handle target.
AUDIDR will have cup&Handle, Gartley Pattern and reaching major resistence confluence if able to close above 10,310 of cup&Handle neckline. This is not pairs that you found in most forex, more for specific Indonesian in Australian who buy and sell AUD and IDR
ELSA has completed the Cup and Handle pattern. I use monthly timeframe to easier seeing the target. However, even bigger cup and handle might be in sights in due time.
SIDO potential forming Butterfly pattern after successfully completed Point C and reverse to the upside. Hopefully SIDO able to complete the pattern which is the next resistence and continue to reach the Cup&Handle pattern target (see previous post on Cup&Handle pattern)
SIDO potential forming Cup&Handle and Butterfly Pattern (next post about Butterfly). Price move in a positive direction after recent small pullback.
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 !
IHSG has potential to complete inverse cup and handle with target near previous high. With less than a month left for 2023, IHSG will probably on track to reach its previous high before year end, finger crossed.
BRIS has the potential to form larger cup and handle if managed to break 1740 area to the upside
BBNI is on track to reach all time high if able to complete the cup&handle pattern