Possible Downtrend for IDX Composite Back to 6000A deep analysis found that we may experience a possible downward movement for IDX Composite Back to 6000 that peaked around March 5, 2025
Trade ideas
Indeks Harga Saham Gabungan (IHSG) Indonesia Stock ExchangeLet me know ur thought! I think there's bearish pattern on this IHSG chart, feel free to discuss!!
IHSG (Composite) Strong Support At 6500 (WEEKLY CHART)IHSG strong support at 6500. Mostly will get rebound first, but IF IHSG breakdown the strong support (6500) then maybe we can forget to trade on indonesian stock for a while. Because if IHSG break the strong support and continue the bearish trend, then the next target area strong support is at 5700-5600 area. Lets pray it wont happen
DISCLAIMER ON
IDX COMPOSITE is not going well.IDX:COMPOSITE
There is Ascending Broadening Wedge (ABW) pattern in weekly time frame. Be careful. Once it break the lower line pattern (yellow dash line), it can be measured, by the theory it will go down to 5620.
I don't know what will happend in the future that will lead the bearish. I hope it's not another "covid19". 🤞🤞🤞
IHSG JCI Correction was over ???IHSG forming a bottoming pattern and potentially continuing its uptrend to the 8000++ level seems quite realistic when looking at market movement patterns. Based on technical analysis, if the IHSG has successfully broken through the resistance level of 7250 in early December 2024, this indicates the possibility of further bullish movement.
However, as you mentioned, before moving to higher levels, there is a possibility of a retest in the support area around 7250-7200. This retest process usually indicates whether that level can hold as a solid support. If the IHSG manages to maintain this level and does not fall below it, then the potential uptrend to the 8000++ level could be realized, with more stable gains.
JCI and Indo Export ImportIDX:COMPOSITE tends to follow the movement of Indonesia Import YoY ( ECONOMICS:IDIMP ).
It makes sense since Indonesia's economy is a domestically economy driven, especially by Consumption.
When Import rises, JCI might rises.
IHSG / COMPOSITE 5 wave rally ? (ELIOT WAVE)First Opinion :
IHSG maybe going to higher price to 8k to complete the 5 wave rally eliot wave (now on phase 4)
the momentum indicator (stochastic) show the sign of bullish divergence. And if the price close higher on 31 oct 2024, there is a big chance IHSG making a bullish continue pattern (Penant).
But we must wait for the validity confirmation on Swing Low on 31 october 2024 (closing price), and the pattern penant must break the trendline (top) for validity.
Second Opinion :
Or IHSG will continue down to key area strong support and rejection at 7350-7400 before rebound to continue the higher price. Still 5 wave rally (eliot wave) in play (because i think IHSG now on phase 4 eliot wave)
DISCLAIMER ON
INDONESIA 2025 ?Hai disini saya mennganalisa berdasarkan data!
FAKTOR-FATOR:
1. Menurut data riset di juni atau juli di tahun 2025 kita masuk kedalam sola rcycle ke 26,
Korelasi IHSG pada puncak cycle tersebut yaitu negatif atau bear.
2. Keresahan terhadap virus atau sejenisnya di Indonesia.
3.?
!! DISCLAIMER BUKAN SUATU AJAKAN INVESTASI !!
update menyusul!
JCI vs IDX30 FamilyThis comparison chart is made to check stocks that move $IDX:COMPOSITE.
I use IDX:IDXV30 , IDX:IDXG30 and IDX:IDXQ30 to see which group of stocks that are leading and laggards.
My longterm view of Jakarta Composite Index (IHSG) is BEARISH.. Based on Elliot Wave perspective, i could see the Composite Index now running on its end of wave 5. It made a huge and wide consolidation around 7k to 7.3k and most likely the consolidation will break and lead to bear season.
I recommend to SELL ON STRENGTH at this time, cause the highest chance for the next trend is bearish trend.
TARGET???
1st: 6500
2nd: 5500
possibly lower than 5000!
Stay alert!!
IHSG The IHSG is currently experiencing a weakening trend in the monthly trend, but in the long term, it is still in a bullish trend. However, I see that the IHSG has formed an ABCD pattern. Theoretically, the IHSG will experience a correction with the following targets:
Support 1: 6350
Support 2: 6000
Support 3: 5700
If the IHSG does not reach 6780, this theory will fail.
My view for Composite (IHSG)Based on wave counting, the extended "B" has been formed and now the big "C" correction is on its way.
I believe in some coming weeks we will have a huge correction..
#BEARISH
IHSG has potential to retest previous highIHSG has potential to complete inverse cup and handle with target near previous high.
With less than a month left for 2023, IHSG will probably on track to reach its previous high before year end, finger crossed.
IDX Composite - Jan 2024From Nov 23 - Composite has gone up for around 10% until the current date.
Some news says " there is a pull back as rate cut rally dissipates"
for IDX, we must see using the Indonesia's rate policy, which now is in a good stand, inflation is under control, most of big companies performance for the last 9months have shown a significant growth. Our Banking industries', which accounted to around 50% of the Composite portion's, growth also in the good direction.
We are still waiting for the last quarter performance result
I believe, this year, though it's a political year for indonesia, IDX COMPOSITE will still grow higher than last year
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.
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 :)
