deposit.redaksinet.com – PT HM Sampoerna Tbk (HMSP) shares should strengthen in Monday’s auction (23/September). Before buying, you should familiarize yourself with the HMSP technical analysis for the following 5 indicators.
1. Moving average (MA) 20 indicator
Based on the chart below, the 20-period moving average line will cross the candle, indicating an uptrend. This condition indicates a buy signal.
2. Bollinger Bands Indicators
The candle has crossed the lower Bollinger Band line from the bottom up, indicating a possible buy.
3. ADX Indicator Indicator
The ADX line is below DI, which indicates a sign of price weakness or a downtrend. The drop is supported by the DI indicator, which is higher than +di. The downtrend is stronger than the uptrend. Thus, the ADX Indicator shows a sell signal in a profit condition.
However, traders can wait until they make a profit. Because, as a rule, the decline in blue chip stocks like HMSP is just a temporary correction of negative sentiment.
4. RSI indicator
The line is above 30 and below the midpoint of 50 and below the level of 70. There are signs of momentum before the midline crosses, indicating a change from the previous downtrend before it strengthens. Thus, the RSI indicator shows a buy signal.
HMSP is possible in the context of negative market sentiment
PT Hanjaya Mandala Sampoerna Tbk gloves, which has the action code HMSP, can be considered as a high liquidity and fan-filled action. HMSP has always been included in the LQ45 Index criteria for this issue from August 2019 to January 2020.
In terms of fundamentals, HMSP’s earnings per share (EPS) has continued to grow over the past 4 years. Relative to the nine-month data for the period 2016-2019, the HMS earnings share price is 78.09; 80.29; 83.32; 87.71 rupees. That is, the increase in earnings per share increases.
Investment opportunities in HMSP
The recent negative news about the development of the HMSP indicator has led to a drop in stock prices. But this is just a temporary correction of panicked investors selling their shares against the backdrop of negative media news.
The impact of this negative sentiment can be used by investors to buy stocks with good prospects in the future, such as PT HM Sampoerna Tbk (HMSP). Here’s an HMSP stock review you might want to consider.
The candle seen in the pivot point indicator will move from support 1 to resistance 1, and the existence of a candlestick pattern indicates a change in the trend reversal point. This is confirmed by the Bollinger Bands indicator, which assumes that the candle will move to the lower line of the BB indicator and will indicate the direction of trend growth.