Trade ideas
IDX or IHSG IDEA, FEBRUARY 2021After tapped daily supply at around 6500, it should retrace as this denotes healthy for IDX to have upward movement
This may be how this will play out in my opinion
Retracement to the range of 5717 - 5750 is expected before upward movement. Several data to support the confluences:
- It represents the level of 1H previous supply that has been broken and now act as "S/R flip"
- Green box denotes breaker on 4 HR timeframe
- Concurrent with EMA100 on daily timeframe + EMA200 on 4 HR Timeframe
- Also, on weekly timeframe, we could see EMA20 around that zone
Conclusion : 5717-5750 on first week of february
The next move has been plotted on the chart based on my opinion
Disc on
JKSEmy worry about IHSG
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 QUASIMODO CHART PATTERN by HarmonicGanTengKur AnalysisSell Position at 6197.96
TP1 : 5853.26
TP2 : 5735.47
IDX Composite - Take A Breath & Get Back to Running Track SoonHello traders & investors... how are you?
I hope all of you are healthy & prosperous.
Today, I try to capture the movement of IDX Composite for the next 6 months, 'till August 2021.
IDX Composite will tend to move sideways until June 2021 because the FY'20 earnings result might release "as expected", and Indonesia soon will entering the fasting month (mid of April'21), that may reduce daily transaction and drive IDX Composite slightly lower. Thereafter, start in Q3 2021 it will back to move in up trend in the moment of dividend seasons & Q2 2021 GDP release.
Gong Xi Fa Cai!
-AJ-
Composite. HnS or climbing to resistance?The price has arrived at Fibonacci area 61.8. Let's see... up a little bit and going down to perform right shoulder or climbing up...
IDX:COMPOSITE (IHSG)PRICE REJECTING THE COMBINATION OF CLASSIC + DYNAMIC + HARMONIC SUPPORT. POSSIBLE BREAKING THE DESCENDING BROADENING WEDGE PATTERN.
TARGET PRICE: 6700-6800
ANALYSIS INVALIDATE IF PRICE BREAK 5730.
DISCLAIMER ON!
IHSGalauCompare to the US market, Index still mostly on the uptrend,
but Indonesia Index still not sure it will continue the downtrend, or it will bounce and break the resist.
anyway, the nearest resists we can see in the chart.
Happy trading!
Indication of Head and Shoulders Pattern in IHSG (Composite)There are currently head and shoulders pattern in Indonesia Composite Index with 6200 as Left Shoulder and 6200 as potential Right Shoulder if the market couldn't break with good volume at 6200, and 6500 as head price, the neckline is around 5800-5900 and downside potential to 5400 since there's small gap at 9th November or 5200 if you pull a line from head to neckline at 11,28% (IDR 662) *disclaimer on : there are no buy or sell signal
JKSENB: 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!!!
IDX Composite - Reversal OccursRefer to this link: a mild correction to 5,789 - 5836 has been occurred.
In a couple days, IDX:COMPOSITE is heading to level 6,157 - 6,211, be wise and choose your portfolio precisely.
Happy trading & happy shopping!
-AJ-
Will Jakarta Composite make reversal pattern?Jakarta Composite is possible to perform a reversal pattern and enter a bearish trend. It will test the Demand area 1, 2, 3, and 4. I hope the price stop in the demand area 3. Let the market decide.
