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Chart View of BSDE (22 Mar 2017), By Saelsita Stocks.

BSDE or PT Bumi Serpong Damai Tbk is engaged in real estate development activities. BSDE has been developing a new city, which is a planned and integrated residential area, with amenities/infrastructure, environmental facilities and parks, called the BSD City. BSDE's Group operates under the group of PT Paraga Artamida (Idnfinancials 2017). 

BSDE was closed at 1885 today with the nearest resistant (R1) at 1885-1940 while the nearest support (S1) is 1825-1770. Since 11 Nop 2016, BSDE moves sideway with range 1675-1940. BSDE's chart is shown below:



The RSI and MACD indicators show an uptrend. The RSI is in point 55 while MACD lines are below 0. If one looks at the candlestick body, it quite a big body which is supported by the volume moving average (VMA). The VMA lines show a golden cross (GC) formation. Dari garis MA harganya, diketahui bahwa garis-garis MA dengan jangka pendek sampai dengan yang lebih panjang berada di bawah candlestick, kecuali garis MA jangka panjangnya yang masih berada di atas candlesticknya. From the candlesticks formation, one can see that a gap down price was happened 10 Nop to 11 Nop 2016.

Conclusion:
RSI, MACD, VMAs, MAs, and candlestick indicators indicate that a positive change in the current trend will happen in the coming days. However, it might be better for someone to wait for confirmation or a breakout of its resistant range of its sideways trend (R1) first before entering (buying), or Buy on Weakness (BoW) near its support line (S1) for those who are willing to take more risk. The author 1st target price for BSDE is for the market price to close its gap at 2070. 

Contacts:
Twitter  : @LowFreqTrading
Telegram : @SaelsitaStocks
Facebook : Saelsita Stocks

Disclaimer
This note is the author's opinion/prediction. This note is prepared as an additional reference for readers and never meant to affect readers' decision in the future. Therefore the author is exempted. Each investor/trader is fully responsible for his/her action in the capital market. 

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