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Anomaly7
Feb 4, 2021 2:55 PM

Indication of Head and Shoulders Pattern in IHSG (Composite) 

IDX Composite IndexIDX

Description

There are currently head and shoulders pattern in Indonesia Composite Index with 6200 as Left Shoulder and 6200 as potential Right Shoulder if the market couldn't break with good volume at 6200, and 6500 as head price, the neckline is around 5800-5900 and downside potential to 5400 since there's small gap at 9th November or 5200 if you pull a line from head to neckline at 11,28% (IDR 662) *disclaimer on : there are no buy or sell signal
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