JKSE target ~5200
Updated
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1. If you entered long around the time of my previous post in October (linked) at 5756 you would be 10.5% up now,
2. There is a little way up yet (due to wave 3 of wave C being extended (finishing) and wave 4 and 5 to come, and then we should hit at around 5200 or lower.
My analysis is just based on the chart and also that other regional and international equity markets are also correcting presently.
I am not trading this Index, just following.
1. If you entered long around the time of my previous post in October (linked) at 5756 you would be 10.5% up now,
2. There is a little way up yet (due to wave 3 of wave C being extended (finishing) and wave 4 and 5 to come, and then we should hit at around 5200 or lower.
My analysis is just based on the chart and also that other regional and international equity markets are also correcting presently.
I am not trading this Index, just following.
Comment
Short term target amended to 5500Order cancelled
It didn;t quite hit my target but strong signs that a deeper correction is in play shortly if price can't at least match the April 2019 high.
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