Despite the MSCI candidate euphoria and several significant corp action, 
BUMI D1 chart has shown an important warning to all of its Investor. If we use the classic price action frame work, there should be new higher high to confirm that BUMI is in an uptrend. In this case, I've done several backtest with the EMA13. Whenever the chart failed to create a new higher high below the EMA13, especially when it combines with high selling pressure there's a chance for an equity to experience a dump.
Please be mindful that this is not a financial advice and all I want to do is just sharing my thoughts. Do Your Own Research
BUMI D1 chart has shown an important warning to all of its Investor. If we use the classic price action frame work, there should be new higher high to confirm that BUMI is in an uptrend. In this case, I've done several backtest with the EMA13. Whenever the chart failed to create a new higher high below the EMA13, especially when it combines with high selling pressure there's a chance for an equity to experience a dump. Please be mindful that this is not a financial advice and all I want to do is just sharing my thoughts. Do Your Own Research
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.