this is my technical analysis toward JKSE Index. based on the 200 & 100-closed MA (yellow line for 100 - green line for 200), this index is showing super bullish trends.
i am counting it on elliot waves in 1-W timeframe, resulted an 1-2-3-4 waves was forming well, and now it's forming the 5th waves
which will be end up around 7000-7700 resistence...
Thanks for viewing,
1. If you entered long around the time of my previous post in October (linked) at 5756 you would be 10.5% up now,
2. There is a little way up yet (due to wave 3 of wave C being extended (finishing) and wave 4 and 5 to come, and then we should hit at around 5200 or lower.
My analysis is just based on the chart and also that other regional and...
Just to update my previous post a few months ago.
Scenario 1: We have seen 5 waves already and are now in a wave B triangle with another 5 waves down to come. Target S1 for -17%
Support: The triangle is clearly corrective, within the triangle waves A and B have almost completed, with wave C to come. If this scenario is in play I would look to enter a short...
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,...
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
Performance in percent while different periods (57 Share Indices)
Best regards :)
After 5 consecutive trading days of positive result, RSI and MacD for the Jakarta Composite is finally in the oversold territory. Bollinger bands also agree that the price will fall for tomorrow and next week. Price fall maybe around 4852 to 4718 or slightly below the 5000 price line