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BaldAndBold1385
Feb 10, 2021 6:16 AM

IDX Composite - Take A Breath & Get Back to Running Track Soon 

IDX Composite IndexIDX

Description

Hello traders & investors... how are you?
I hope all of you are healthy & prosperous.

Today, I try to capture the movement of IDX Composite for the next 6 months, 'till August 2021.
IDX Composite will tend to move sideways until June 2021 because the FY'20 earnings result might release "as expected", and Indonesia soon will entering the fasting month (mid of April'21), that may reduce daily transaction and drive IDX Composite slightly lower. Thereafter, start in Q3 2021 it will back to move in up trend in the moment of dividend seasons & Q2 2021 GDP release.

Gong Xi Fa Cai!

-AJ-
Comments
Talismanxx
Perfect Idea :)
Danielta88
Hi sir, hopefully you are in health and good condition

so from this projection, the IDX should reach 6300 again after the correction?
BaldAndBold1385
@Danielta88 yes, but beware that we might entering a mid term sideways period before IDX continue to move upward
BaldAndBold1385
@Danielta88 I hope you’re healthy and prosperous as well :)
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