BBCA is now forming a Head and Shoulder pattern. Supporting the gap on 7625, the possible scenario is this stock will drop to that area before it makes a turnover. Investors are to expect around -12% (Calculated from today's -6th Feb 2023- price) and traders could be taking this chance to short the stock while it drops.
If you are looking to invest in this stock...
#DIsclaimerOn: Do your own risk
Biggest market cap on Indonesian Banking known as BBCA. This stocks very strong bullish movement on long term timeframe since 2000 until now. I will predict the next target of BBCA will going to IDR 10.000 ~ 11.000 based on fibonacci external and AB-CD movement.
looking for BBCA
Analysis: Uptrend for long term, downtrend for shorter term.
Strategy:
if price break the downtrend line (green) find retrancement for entry buy
if price bounce down & going to lower low uptrend line (blue) find significance reversal pattern and then entry buy.
Disclaimer:
There's no 100% accurate prediction & strategy. Force majeure &...
Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Like weather forecasting, technical analysis does not result in absolute predictions about the future.
