mmdandytra
Short

Down to test Important Support at 5,500

IDX:COMPOSITE   IDX Composite Index
JCI is continuing falling below 5,800 to test its important Support at 5,500.

What previously predicted to become Bullish Reversal has turned into Bearish Continuation which means the Downtrend is assumed to be ineffective. Downtrend could easily force JCI to touch 5,500.

Support at 5,500 is so important because as long as JCI doesn't break below that Support, the downtrend since 6,700 to 5,500 can still be considered a Throwback market (where JCI falls to 5,500 after broke above 5,500 in Mar'17 previously and rise to 6,800 in Feb'18). We can still hope JCI will maintain Uptrend to 7,000 after JCI touch Support at around 5,500.

For the next 1-2 months, i expect to see JCI in around 5,500 - 5,600.
Trade closed manually

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out