BMRI - CUP AND HANDLE
BMRI has made a cup and handle pattern and has breakout.
Potentially longterm BMRI will go to Rp12,100 (last target).
But before we see BMRI moving upward, we'll see a retest on the area Rp10,300-Rp10,350. And that's where I will be putting my trades on.
Take Profit target 1 is at Rp11,000 & don't forget to set breakeven.
Stop loss is area Rp10,150.
This is a 1:4 risk ratio trade.
Potentially longterm BMRI will go to Rp12,100 (last target).
But before we see BMRI moving upward, we'll see a retest on the area Rp10,300-Rp10,350. And that's where I will be putting my trades on.
Take Profit target 1 is at Rp11,000 & don't forget to set breakeven.
Stop loss is area Rp10,150.
This is a 1:4 risk ratio trade.
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