Bank Mandiri IDX:BMRI is currently trading at 5,050, showing signs of weakness as it struggles to hold key support levels. If the stock fails to maintain support, we could see further downside movement, potentially testing levels around 4,500. This scenario aligns with the broader market sentiment and recent technical patterns. Investors should closely monitor price action near the support zone, as a decisive breakdown may trigger increased selling pressure. However, if BMRI manages to hold above support and gains bullish momentum, a rebound could be in play. Keep an eye on volume and market conditions for confirmation before making any trading decisions.
Gold will have potential sell and buy opportunities between daily support and resistant. Now let's wait until the revise pattern is formed at resistant level then start short. Turnaround, buy pattern will start at daily support.
AHLEAST is exhibiting a potential "extended retracement" pattern, where the price has bounced back for a Wave B, but is now anticipated to decline further to complete a Wave C. The chart highlights a target zone for this extended retracement between 196-204 INR. This zone is based on a 113%-127% Fibonacci extension of the last swing low, indicating a deeper-than-usual retracement. Currently, the stock is trading at 140.13 INR, significantly below the anticipated completion zone. This suggests further downside is likely. Key Points: Extended Retracement: The pattern suggests a deeper correction is underway. Target Zone: The 196-204 INR range is a key area to watch for potential support and a possible trend reversal. Wave C Completion: The current decline is expected to complete Wave C of the corrective pattern. Considerations: Confirmation: Traders should look for confirmation signals within the target zone, such as bullish candlestick patterns or a break of a short-term downtrend line, before considering a long position. Stop-Loss: A stop-loss below the target zone would be prudent to manage risk, as a break below could lead to further declines. Disclaimer: This analysis is based on the provided chart and is for informational purposes only. It is not financial advice. Trading in the stock market involves risk, and you could lose money. Conduct your own research and consult with a financial advisor before making any investment decisions.
Gold has risen for the seventh consecutive week. The RSI indicator is at a high level close to 80. The price is at the upper track of the Bollinger Band and exceeds the line. The price deviates from the MA10 daily moving average. Once the weekly RSI indicator forms an overbought or top divergence, and considering that the 7-week rise has reached a critical time window, we need to be careful of short-term peaks! From a technical perspective, the short-term trend structure of the daily chart remains intact, but the price indicator has reached the end. We need to pay further attention to the subsequent policy impact of Trump's new policy. Once the top divergence is established, it will usher in a short-term wide-range downward shock and trend reversal! The bullish upside space exceeds 330 $, and we need to start considering the bulls entering the end. At present, the transaction is still in the trend of participating in the short-term transaction of buying at a low price. The key resistance or historical high pays attention to the mid-term short opportunity of the band! The gold market came a little late last Friday night. NFP bottomed out and rebounded directly to break through the new high, breaking the shock pattern! Gold hits a new high in the short term, and the bullish energy is very strong. The first wave of piercing is just a test, and there may be another pull-up and breakthrough in the future! Gold fell after the short-term piercing, but the current gold price has begun to weaken its downward energy near 2855, and this intraday trend also shows that there is a strong support effect at the 2850 line. In the short term, gold is supported by 2850 and has not fallen below the NFP market low of 2852. It is easy to bottom out and pull up again, so the later short-term layout should first refer to the purchase above 2850! Key points: First support: 2853, second support: 2845, third support: 2830 First resistance: 2878, second resistance: 2888, third resistance: 2906 Operation ideas: BUY: 2855-2858, SL: 2847, TP: 2870-2880; SELL: 2890-2893, SL: 2902, TP: 2870-2860;
SPY/ QQQ charts are super strong. For the past two weeks, we saw gap downs on Mondays because of Deepseek & Tariffs. Then on Tues / wed / Thursday, the market filled all the gaps! We have had two Monday gap downs, and naturally people are concerned if Trump will surprise us with news over the weekends. So last Friday (7th Feb) we saw a sell down because of this uncertainty. Now that it has been two weeks, the market has digested deepseek and tariffs news. I don't think any news can bring it lower. The bears have all the reasons to break the market, but all key levels are held. With the market this strong, my guess is that if there are no news over this weekend, we gonna pump upwards real hard!
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XAU / USD trend forecast February 10, 2025 Gold prices (XAU/USD) continue their upward momentum, reaching around $2,865 in the early Asian session on Monday. The precious metal gains traction as rising trade tensions drive investors toward safe-haven assets. On Friday, US President Donald Trump announced his intention to introduce reciprocal tariffs on multiple countries by Tuesday or Wednesday, with immediate implementation. This development supports the yellow metal as investors closely follow trade war-related updates. According to David Meger, director of metals trading at High Ridge Futures, "The primary focus of the gold market remains the uncertainty surrounding Trump’s tariff policies." Still, the news that the US is preparing to impose taxes on EU countries is causing concerns about a global trade war, gold continues to have a good upward trend. /// SELL XAU : zone 2885-2887 SL: 2893 TP: 50 - 150 - 300pips (2857) Safe and profitable trading
Trump Coin displays a bullish pattern which if timed well at $12.85, one can either enter your trade at that point or wait to see whether it will move downwards to touch the bottom of the support at $10.48 and then enter. TP obviously at $75.95 but, its all depends on the trader.
https://www.tradingview.com/x/Y8I224h7/ XAUUSD: In the short term, it is in the range of high pressure and strong support, forming a dense trading area. High pressure is above 2870. Strong support is below 2860. The profit margin is about 10-15 US dollars per ounce. Follow the high pressure to short. Strong support to buy opportunities. You can get profits. xauusd: Sell above 2873. tp2860-2850.sl2680 xauusd: Buy below 2860. tp2870-2880.sl2650
Xrp is holding support here as expected because this is a major support area . There could be some large manipulated wick off to the lower side that no one can predict. We are starting to get a curve in the support area 2.36 /2.42 area pointing to slowly climbing up. If we drop it will be near 1.70 area to 1.90, .2$ areas which would not stay long there more than likely wicks bought up quickly. But I’m looking at moving up from 2.30 area soon