BANK MANDIRI (PERSERO) TBK
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$BMRI - Is Bearish Coming?

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BMRI is developing a huge Falling Wedges (Weekly Chart).

The Uptrend Line has been tested a few times and finally broke down on early May.
The target from the Falling Wedges pattern is around 3700-3800, is it too far? We might think so.
snapshot

Here it is some of the interesting point to watch:
1) Current support area between 6150 - 6225
snapshot

2) EMA233 Support around 4625 - 4650, it is aligned with current flat Leading Span B
snapshot

3) Weekly RSI has been showing a bearish divergence, indicating a slowing upside movement, better watchout!
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