BBRI In Churning Phase….Fell Back to Support Line

BBRI attempt to go higher yesterday was not successful. The candle was up only a little, with extra volume increase. This pattern signaled the weakness in bullish move, even though volume expand, but the effort was paid with very little result. A lot of force was applied but small results was achieved. Clearly a bearish sign!

My buy limit BBRI at 6700 was filled, and after the following trade session it was up a bit, on extra volume increase. Not a good sign! Bearish momentum will get a hold on BBRI.

I place stop loss order on BBRI at slightly below 6650.

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