Too soon to say that Mitra Pinasthika Mustika, TBK entering the bullish trend,
Because it closed below IDR1035 and still below the cloud.
Even so, we'll add some of it's shares next week, because of it's volume indicator comforming
It's a long way to get above the cloud,
But Mitra Pinasthika gave an minor signal, not only above conversion line but also good volume.
Our weekly target is IDR1115
Support at IDR1025
Entry 1000-1050, Stop loss 940, Take Profit 1345.
- Uptrend
- No significant distribution during the pullback.
- Risk reward is good >1:2.
- Retracement at Fibonacci 0.618.
Potential Entry "Flag Pattern"
Dollar Cost Averaging Technique "BUY ON PULLBACK"
B1 1055
B2 1010
SL 990
TP1 1230
TP2 1310
TP3 1405
Positive :
Good earning in 2021 and 15% growth expected in 2022
High dividend yield
Reasonable DER
BIG CASH
Negative:
High Risk for entry too high.
Foreign Start Selling
The stock setting up a pivot buy area on its handle, the stock has quite a long base which is very good to me. Also, I have determined a staggered stop based on mathematical sense.
Well, I like to see some action here to trigger my breakout level.
Regular Bullish divergence, but strugling to break above 23 FIb Retracement. IT would be nice if it can go above that.
NB: DO MIND that These analyses I posted here are intended as my notes and not as investment recommendations or as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The...
For MPMX looks good in fundamental as it has lower PBV around 0.34. Current price (575) has potential 15% Div Yield comparing current year DPS at 90 per share.
There is 450 price level if possible the price re-test it, will generate 20% div yield for next year.
![MPMX: idx: MPMX monthly buy @750 [RR 5.36]](https://s3.tradingview.com/i/i2ragUXs_mid.png "idx: MPMX monthly buy @750 [RR 5.36]")
