Even SNP index has a huge downside after its peak. Looks like the bearish trend is not come to and end. The consolidation on the chart, showing the bearish triangle continuation pattern, and it's having a strong possibility that this index will be continuing the bear phase.
Look like MTDL will face bearish phase after ascending triangle pattern fail and now it will test the major trendline. And if its breaked MTDL will fall to next support area as the picture roadmap drawed. Oscillator stochastic was confirmed that MTDL will fall because we found hiden bearish divergence.
- I found BMRI just losing the momentum
- After follow up this stock just forming Rising Wedge Pattern
- RSI Indicator (Stoch) just tell us that BMRI is overbought
- So do Indonesian Composite Index just showing the overbought signal
IHSG got their bullish momentum as well. As we can see, lattest the price action just got up early and it break its own trendline. And it is a sign that the index itself will taking off imadiately. (And test the resistance area)
Well, i just got my research done on some IHSG's stock cart and i just found, most of them has continuation pattern like Pennant,...
