IHSG will retest to the next resistantIDX:COMPOSITE
I guess the next couple of weeks will be boring sideways again.
About IDX Composite Index
The IDX Composite index, also known as the Jakarta Stock Exchange index, tracks the performance of all stocks traded on the Indonesia Stock Exchange (IDX). The number of companies listed on the exchange is always growing, and so is the number of the index components, which has reached 864 in 2023. Watching IDX Composite lets investors assess the performance of one of the fastest growing market in Asia, so maybe it's time to start following this index before it's mainstream?
Composite is bullishConfirming with AD line, making new high and new low, as long as it doesnt break the trend, composite is on the right track to break 7000 level :)
IDX Composite_31 August 2023the 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
Hopeful
#IDX can be bullish trend next week ??Next week will be decisive by #IDX and supported by 2 potential bullish trends, where the candlestick pattern (cup and handle and bullish flag) that is formed clearly indicates a strengthening towards 7300.
but these 2 chart patterns will fail if next week they are under pressure and stay below 685
COMPOSITEIf We see period from 5 june to today 6 july, there is a symmetrical triangle pattern formed and
today's closing above the upper trend line of the symmetrical triangle. if the price is staying on this level, it's possible to reach next resistance on 6822.
If we assess using AD Line indicator, we c
IDX Composite Index (IHSG) Swing Trend AnalysisJune 21th 2023 IDX Composite Index (IHSG) Swing Trend Analysis
This Analysis is Based on ICT/SMC Market Structure in Daily TF
The information I provide should not be considered as financial or investment advice. Forex trading involves significant risk, and it is important to conduct thorough resear
JCI and Yield Indonesia 10Yr are looking goodComposite is about to start its long term Uptrend while id10y is continuing Downtrend
Eyeing Sub 6500 IDR Amidst Potential Head and Shoulders Pattern.Keeping a close watch on the Indonesia Composite Index as it may approach sub 6500 IDR. If the downtrend continues, there is potential for a head and shoulders pattern to emerge.
Additionally, the low volume of the index should be taken into consideration. Will be monitoring closely for further dev
IDX Composite 27/02 - 04/02 IDX Composite is making a Correction Wave C
Just a simple & Quick Prediction using Fibo retrace and EW
Wish us a goodluck!
Havefun!
#DYOR
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