IDX Composite_31 August 2023

IDX:COMPOSITE   IDX Composite Index
the IDX failed to close at 7000 yesterday and today its back to 6939 level, but if we look at the bigger picture, IDX is still on uptrend, as long as it can maintain the minimum level at 6882 we are still in a good path

If we see A/D line, this indicator also still convergence with the IDX

Hopefully in a few weeks /month before year end, we can see the IDX back to level 7000 even more

Since our index mostly is supported by finance industry (more than 50% weight), with the help of the Big banks performances (Good sign), our beloved IDX will come back stronger

Patience is the key to success.



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