BBNI Complex Correction?

١٣ ديسمبر ٢٠٢٤

The banking rally at the start of December turns out to be a fakeout after all. Today BBNI gapped down and closed just 1 tick above today's low, with HEAVY volume. This shows that BBNI, and most probably other banking stocks haven't found their bottom yet.

If this scenario were to succed, then we will see a rally to welcome the dividend season.

١٧ ديسمبر ٢٠٢٤

تم فتح الصفقة

Update: 11.06 AM (Jakarta Time, GMT+7)

Vicious drop today. (a) wave might be finishing soon. IHSG looked oversold also

١٩ ديسمبر ٢٠٢٤

ملاحظة

Unbelievable.

٢٤ ديسمبر ٢٠٢٤

ملاحظة

Trend is still really bearish. Yesterday's and today's volume were very small; It's a dead cat bounce. I still expect BBNI to correct further.

٢ يناير

ملاحظة

First trading day of 2025 - Up quite a lot with an okay volume. More data is still needed

١٥ يناير

أغلقت الصفقة: تم الوصول للهدف

Today's rise marks the end of the complex correction. Lets see where banking stocks go after Bank Indonesia cut 25 bps earlier today.