BMRI has been in a downtrend for 4 months, with the last breaking through the support level of 5400 (January 14, 2025).
cutloss level at support 4450 (-10%) and Target Price 6000 (upper trend line).
Risk and reward ratio 1 : 2.
Buy on Weakness BMRI 4910.
BBNI Buy on Weakness at or better 8.225, take profit R1 9.200.
After the long Eid holiday in Indonesia, the IHSG was corrected in 4 days by 8.7%.
BBNI chart is relatively the same as the slow stochastic condition with the JCI, which is in an oversold position (yellow circle), which means that for now BBNI is in a buy on weakness condition.
