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amarisgalvin

For Indonesians, Long BMRI for Long Term Investing

BANK MANDIRI (PERSERO) TBK (IDX:BMRI)  
amarisgalvin  
IDX:BMRI   BANK MANDIRI (PERSERO) TBK
Trend Analysis Chart Patterns Fundamental Analysis
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trendanalysis chartpattern fundamental
It is clear that BMRI has been bullish since its lowest point (2015) and that it keeps going up. However, this is another chance for long term investors to buy BMRI again as we can see from previous years, that BMRI has always struggled around this range up until last year where it broke through and reached 9025 due to the January Effect. Thus I think buying BMRI around 5700-5800 is a BARGAIN. However, this is all just from the technical side, we can already see that it has a good risk : reward ratio.

Fundamentally, BMRI or Mandiri's Net Income for 2021 has increased tremendously -> 21.45%. Not a bad investment at the moment, again considering the risk : reward ratio.
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