New Direction of JCI and Indo Bond 10YrComparison between composite and Indo bond 10yr.
JCI is predicted to rise while Indo Bond is predicted to fall.
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 JCI - POTENTIAL DROPCOMPOSITE - has a potential drop to 6892, reason is because there's a resistance zone above, and a potential time resistance.
COMPOSITE will stop dropping until the 29th November (Wed). And could potentially rebound after.
COMPOSITE - POTENTIAL PRIMARY MOVEMENT TO 6962COMPOSITE - POTENTIAL PRIMARY MOVEMENT TO 6962. The JCI recently has broke it's inverted head and shoulders pattern. The target price is likely at 6962 (Fib Cluster Zone), and it will be a one swing movement until 16 Nov 2023.
JCI, IHSG - Potential Time Peak & BottomJCI will most likely hit it's peak at
a target price 6887.82 today (7th Nov 2023).
And could potentially make a bottom
(reversal) on (13th Nov 2023)
IHSG Ready for Bearish MovementIHSG ready for bearish movement when support trendline is breakout
if breakout ready to retest 6.5k level and 5.7k level
JCI COMPOSITE - BOTTOM DATE & PRICEJCI (Index Harga Saham Gabungan) has crashed and gone down -1,7% in one day.
Here's my analysis of the turning point dates and the price bottom dates.
IMPORTANT DATE:
- 26 October 2023
- 2nd November 2023
IHSG will retest to the next resistantIDX:COMPOSITE
I guess the next couple of weeks will be boring sideways again.
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
See all ideas