Based on my analysis, BBRI's current price movement is still in a downtrend. By applying the Elliott Wave cycle, I observe that the final wave has formed. This is also supported by Fibonacci analysis to identify potential price movements before entering a long position.
Going 'long' here is a speculative trade, not a long-term hold. It should be noted that a long entry must only be executed if it is supported by candlestick patterns such as a bullish engulfing, a star, or a hammer.
However, I have also mapped out a worst-case scenario in case the price continues its decline back to the levels seen during the COVID pandemic. Traders must remain vigilant if this worst-case scenario unfolds.
Going 'long' here is a speculative trade, not a long-term hold. It should be noted that a long entry must only be executed if it is supported by candlestick patterns such as a bullish engulfing, a star, or a hammer.
However, I have also mapped out a worst-case scenario in case the price continues its decline back to the levels seen during the COVID pandemic. Traders must remain vigilant if this worst-case scenario unfolds.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.