CURRENT MARKET TRENDS 🔄
1. 🎯 Selective Market Dynamics
The present market scenario remains highly selective. This has been a pattern, with a tendency for a rotational environment. Stocks that are currently underperforming or rebounding from their lowest points are leading the market for short durations. This is while tech-heavy indices like the Nasdaq...
Index: KOSPI Composite Index
Exchange: Korea Exchange (KRX)
Region: South Korea
Introduction:
Welcome to today's technical analysis. We'll focus on the weekly chart of the KOSPI Composite Index, highlighting a bullish reversal signaled by a symmetrical triangle pattern breakout.
Symmetrical Triangle Pattern:
The symmetrical triangle pattern is a neutral...
#DIsclaimerOn: Do your own risk
Biggest market cap on Indonesian Banking known as BBCA. This stocks very strong bullish movement on long term timeframe since 2000 until now. I will predict the next target of BBCA will going to IDR 10.000 ~ 11.000 based on fibonacci external and AB-CD movement.
Looking at the H4 chart, my overall bias for IXIC is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 10753.57, where the 38.2% Fibonacci line is. Stop loss will be at 10207.47, where the recent swing low is. Take profit will be at 11521.97, where the 50% Fibonacci line is.
Please...
# First of all, Disclaimer on. This is not advice to buy or sell the stock. Only sharing about my outlook point of view.
Here, let me explain my long term analysis about BBRI banking stock in Indonesia in Technical Point of View.
1. So the first, I draw my support and resistance line based on candlestick on 12M or 1 Year timeframe. You can also look at the 12M...
ESSA last candle look nice. Bullish candle.
While happened on the reversal area based on wave 2/B EW principal.
If it reversal and continues the bullish, target will be on 1490 area.
We'll see.
Composite Index is still moving sideways but it has potential to continue upward direction.
ID10Y or Bond also is breaking out the down trendline which mean the yield is continuing upward direction too.
Composite is Bullish, ID10Y is Bearish.
Technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume.
I monitor the big caps stocks that very much become the core of Composite.
The stocks are : BBCA, BBRI, BMRI, BBNI, ASII, TLKM, INDF, ICBP and TLKM.
I excluded GOTO because it has no enough previous movement.
I didn't include HMSP and GGRM because of their low Free Market Weighted.
Banking Stock near its Support while ASII+TLKM is has room to fall before...
I compared the COMPOSITE and yield spread between the US10Y and ID10Y and discovered that whenever the spread reaches its peak, the Composite bottoms and then begins to move uptrend.
Meanwhile, every time the spread reaches bottom, the Composite is peaking then start to move Downtrend.
Currently, I think the spread is bottoming and that will lead to the...
The Composite Stock Price Index is one of the stock market indexes used by the Indonesia Stock Exchange. we know now inflation in US already rise and is will be very bad news for any stock exchange, the US and FED will increse the cash rate, so its will be affect to the composite Indonesia. Indonesia Composite already hit all time high in this year after the covid...
IHSG will have an ABC Correction after the 5 impulsive movement done (eliot wave theory). So hold up and keep money FRESH and Buy the stocks (bluechip) when the IHSG doing the ABC correction.
Maybe Arround 6700 we can SLOWLY buy our value stocks. For me the Banking Sector is the best choice like BBRI BBCA BBNI BMRI.
Disclaimer On
positive sentiment supported the movement of JSMR shares during the Eid holiday season. Based on the news and also from a technical perspective, JSMR shares are also in an uptrend phase with a bullish candle supported by an increasing volume along with an increase in the oscillator and MACD indicators
Clear RSI divergence on price action at weekly period, possible long expected housing crash is near than we thought. FED interest hikes can be last straw on already shaky Chinese housing and banking sectors. CCP Chinas close trading partners and investors will be hit more than ones who kept their distance. Time to weigh ties.
Confirm breakout with high volume
Now at wave 3 of elliot wave aiming at 1.168 fibonacci 640
scenario 1 buy when inside bar happen and cutloss below the mother bar
Scenario 2 ( buy on retrace ) wait retrace to 610-620
adjust your cut loss below 595
Risk: Missed opportunity
Long term target 735
