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IDX Composite IndexIDX Composite IndexIDX Composite Index

IDX Composite Index

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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 can see that the ADline is recording a new high which means more stocks are following this trend But if we see using McClellan Summation index, it shows the money havent entered the market yet which make the market will retrace for some time so is composite will go higher or retrace for some time? only time will tell @plan_trade_repeat
IDX:COMPOSITE
by Plan_Trade_Repeat
Weakening Target of Jakarta CompositeDisclaimer on, This is a personal opinion, I am not responsible on your trading results. Trade with your own risk. For 6 months ( 13 May '22 - 06 Dec '22 ), the Composite Index moves in a huge sideways and forming the Bearish Pattern Flag, finally it decide one way to be chosen. Unfortunately , its choice is to go down which is confirmed by broke the lower trendline and close below it ( 08 Dec '22 ). This action is confirming the Bearish Flag Pattern which is mean then the price will be going down. I assume: - The first target of declining is the 6440 - 6450 level (1.0 Fibonacci Extension ratios and classic Support area). - The lowest target of this decline is the 6140 - 6180 level, because there is a gap that needs to be closed at the levels 6160 - 6180 which was formed on 30 sept '21 . This assumption is reinforced by the accumulation of 1,618 Fibonacci Retracement and Fibonacci Extension ratios plus classic support area. "Fasten your Seatbelt, and get ready to BOW" Follow me for next update ___________ Best regards, @riandwip686
IDX:COMPOSITEShort
by riandwip686
Big Caps of Composite MonitoringI 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 meeting their Support. Consumer Stocks is still Uptrend and could provide cushion and relatively hold Composite for falling too deep.
IDX:COMPOSITE
by mmdcharts
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