So after breaking new ATH recently, IDX currently has formed Rising wedge which means it gonna dip for a while. The nearest support is 6500 area, if it bounce from here we can be sure that IDX will reach new ATH on January 2022 during Window Dressing, Santa Claus rally, and January Effect. But it can broke down to 6375 level or even 6150 level. As long as 50 EMA...
Overall, IDX COMPOSITE managed to break through its all time high, but if you look at the weekly line chart (my WEEKLY ANALYSIS in different post), it's time to retest the support area with the farthest target at 6258 in mid-January, supported by weekly bearish divergence, so index correction is still normal. let's go into more detail on the 4Hours...
IDX has succeeded all time high, broadening pattern identified. Now, its time to RETEST SUPPORT AREA as chart show, this analysis supported with bearish divergence weekly.
IDX looks good on daily timeframe but the probability of a fake break out on monthly timeframe is so quiet concerning. In order to stay bullish on IDX, the last point of support should not be broken down. The bearish scenario invalidation if a monthly close above 6755 and break out of pink resistance. The Yellow line is conservative bearish outlook and the Red...
Disclaimer on, This is a personal opinion, I am not responsible on your trading results. Trade with your own risk. After successfully reaching its All Time High (6754.5) on 22 Nov 2021, JCI (Jakarta Composite Index) / a.k.a. IDX:COMPOSITE appears to be forming a rising wedge pattern accompanied by bearish divergence on the stochastic indicator. This condition...
above all MA 5,10,20,50,200 (daily,weekly,Monthly) NEW ATH this week RSI>50 STOCH K<D... MACD < SIGNAL... REGULAR BEARISH DIVERGENCE... Ascending triangle??? ATH, MA, RSI really makes it real good, but Divergence give me a bad signal. the divergence has not been confirmed yet since the price has not go down below/touching FIB 23%. TO summarize, Need to be...
Regular bearish Divergence give me a bad signal about IHSG. to know that the divergence is valid is by using retracement. If the price go below 23% FIB then the divergence is valid and the price might go lower to FIB 36 or 61 or even lower. NB: DO MIND that These analyses I posted here are intended as my notes and not as investment recommendations or as financial...
Quick IHSG chart plotting for family and friends in Indonesia Good idea to hold some cash as uncertainty looms for the time being
IDX Composite (IHSG) seems to continue it's bullish rally as descending broadening wedge pattern appear with bullish divergence as a momentum. This analysis can be your consideration as your trade decision to buy on weakness on certain stock that highly correlated possitively with this market
The minimum target for wave 3 is FIB EXT 1.61, the price moving above that is a bonus. waiting for wave 4. NB: DO MIND that These analyses I posted here are intended as my notes and not as investment recommendations or as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses...
quite a nice run we got here since it broke above the Fibonacci cluster. had to be aware that there is a gap below tho. NB: DO MIND that These analyses I posted here are intended as my notes and not as investment recommendations or as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange!...
Target 1 : 7000 Target 2 : > 7500 Risk In Your Hand Press Like & Follow if u like my content --- Thank You ---
IHSG have been going sideways for quite sometime and we can see an ascending triangle forming on the daily chart, a positive sign. However, evergreen and the threat of fed hawkish in the November tapering and yield usdt spiking are still looming. IHSG can still go either way, and the path to bear will definitely be much swifter should it happen as we are nearing...
IHSG is currently bullish after breaking out the 22 July 2021 long resistance and further pushing up the daily resistance line of 6155 It will be an interesting week to see whether the jump was but a bull trap or a true bullish push. In order to maintain its bullish position, IHSG must stay above 6155 support line (which now also shows as 4hr timeline Fibo...
"Market Always Right" IHSG tampak tak sanggup bertahan pada fase retest setelah breakout dr triangle dan malah menyempurnakan pattern reversal head and shoulder menggunakan katalis "Tapering". Outlook kedepan, IHSG akan retest kemudian menuju ke gap yang ada dibawah. DISCLAIMER ON
NB: DO MIND that These analyses I posted here are intended as my notes and not as investment recommendations or as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view. LETS CUANN!!!
JKSE would still maintain their bullish bias as a bullish flag pattern appear 'till it hit the objective target as AB = CD pattern. Buy on break should be your consideration or just try to seek an inside bar to entry. Invalidation start if only the price goes down and close below 579x
IHSG is now in wave 3. As long as the price doesn't break the support level at 5938, IHSG will finish this wave by the end of the year. Support : 5938 Target : 6598-6675