BBTN failed to achieve target after breakout from previous inverse cup and handle pattern.
Price going lower to the previous low and hopefully it will reverse soon and formed what looks like a double bottom with same price target. Hopefully !!!
ENGLISH:
Bank Tabungan Negara (idx:bbtn) is trying to get out of the yellow resistance's line, with direction to the white resistance's line or 1470 IDR. If the market successfully break out the white resistance and continue above the white line then the market is likely to be bullish again. But if it will be failed, the market will continue bearish to 850 IDR....
BBTN in the weekly timeframe shows a bullish trend and is forming a correction phase where the correction forms a chart pattern called the descending broadening wedge. A pattern that would indicate a continuation of the price increase with the rising height expected to match the width of the wedge.
#Disclaimer: Not a suggestion to buy or sell
February 4, 2022: Analisys BBTN: @Long
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and...
WEAK SUPPORT AT 1755
WEAK RESISTANCE AT 1875
I PREFER RED TRADING PLAN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not...
BBTN broke trendline on Monday, September 20 and in today's trading, BBTN was stuck at the support area at 1320 and formed a bullish reversal candle.
Will BBTN form a swing low in tomorrow's trading and continue strengthening until the end of the year?
Analysis technical using Fibonacci
Today's decline in bbtn shares is stuck in the 0.618 fibonacci area which...
As wee see on the price chart, this market would goes higher since we got a despair on an extreme key level of this market as inverted HnS appear. Buy on weakness should be your consideration. Invalidation start if the price goes down to break the key level and close below of it
Today, close price are above the weekly trendline and MACD looks divergence. and also stoch on the oversold area.
If tomorrow, the close price are even higher than today. BBTN have some uptrend potential as long as close price not below of the trendline .
From my point of view, there is some potential to be uptrend.
Target Price 1 : 1580
Target Price 2 :...
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.
-18 march 2021 trading analysis BBTN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and...
