Compositeindex
TLKM Normal Price versus Current PriceTLKM is one of Composite dominant contributor which the Stock price is still bearish now days. So let's see how the normal price of this stock index by simple view. Normal price actually is EPS x PER (IDR 4020). And this stock index has a normal price higher than current price (IDR 2650). So if you buy this stock now you get a discount. Happy trading!
IDX:TLKM
Another Taffer in the Shadows?This is the NEW YORK COMPOSITE INDEX. Please see my previous post just a couple of weeks ago about this drop and what to expect from here. Based on all the data I can muster to analyze, the correction is not over. It's possible that we rally and/or drift sideways into the election but this looks very concerning to me.. I keep hearing from too many people that the Fed has their back. They believe the Fed will hold their hand to victory into an eternal upward rally. I am not one to dismiss the melt-up scenario and hyper-inflationary end game, but this is what I see right now.. I see the potential for another drop. The bigger question- what happens after this drop? Do we have a 08-like melt-down or is that just another dip to buy in this bull run? We'll take it as it comes. Please be smart, patient, and immune to public sentiment. Think for yourself but study, study, study!
Peta IHSG - Modified Schiff Pitchfork Jumat 24 Juli 2020, IHSG turun 1,21% k level 5082.. level ini merupakan support trendline 0,618 (garis hijau) di bawah median line modified schiff Pitchfork.. minggu depan cukup menarik untuk diperhatikan, apakah IHSG akan memantul atau malah ambrol ke garis biru.
Reversal enemy shows up slowly to push down IDX Composite First session update 13 Jul. If it breaks the fib fan, the short term bull trend will have a potential reversal that will down to 48XX. But the uptrend potential is still promising.
IDX:COMPOSITE
{SWC} FBM KLCI/Malaysia 30, Closing Bell 10th Apr 2020Thank you for your continued support! :)
On the daily chart, the Footsie Bursa Malaysia main index had be sliding lower steadily until the fateful Friday the 13th in March where all hell broke loose, losing as much as 7% at the day's low. The result: a monster gap of some 45 points. Talk about a black friday!
The development of the following week would come as dramatic as the last. The KLCI would continue the extremely bearish breakout until it found willing buyers on the 17'Mar, dangerously sustaining above 1200. A technical rebound was expected, but the unexpected magnitude of the 6.85% u-turn would send the bears routing.
The continuation of that 83 points reversal would lead FBMKLCI to challenge the downward sloping short term moving average. For a while, KLCI would consolidate a new support on the 1317 region.
Taking a more granular look of KLCI's performance through the recent hourly chart, the main index has staged an offensive into the gap of that same Friday the 13th. Pulling their punches, investors didn't want to overextend their risk approaching the week's close, preferring to take profits. The concern is understandable as the new round of OPEC+ virtual meeting is beginning on the global stage, while awaiting news on the possibility of Movement Control Order (MCO) extension in the local scene. Adding into the mix, the HK and US markets are closed for Good Friday, brewing more uncertainty for price reference to the big boys.
Come Friday, the MCO extension was more or less expected, so the bulls aren't willing to give up much ground, having settled to camp around the price range of 1350 to 1353 - the previous high and 38% retracement. Cautious but optimistic, investors and traders await further news to develop through the weekend.
Stay safe, everyone :)
the Canadian composite index - will keep selling - 2020-03-12Pattern: Triangle pattern
The triangle pattern is a specific figure formed on the price chart, typically identified when the tops and the bottoms of the price action are moving toward each other like the sides of a triangle. When the upper and the lower level of a triangle interact, traders expect an eventual breakout from the triangle. As such, many breakout traders use triangle formations for identifying breakout entry points.
Analyze ;
Yes, the composite index Canadian is building a triangle pattern, you can notice when you reverse the chart, I like to do it because it gives you a better understanding of the chart sometime. We already reach point fifth of the wave so now idea is the market will sell until they break the triangle but we can see we have a support level before reach the second red line 8093. For now, it's possible for the market to bounce on the first red line that means 14000 and go back down or bounce and change the direction. but there is a high probability the market will go down and reach the second red line.
The recommendation that will be purchasing a put option to protect their investment.
Composite indexFun times. One has to switch to monthly charts to spot previous lows or highs.
I might skip trading this week so things can settle down. Or, if I'll have time, do some scalping. For this I use "composite index" of major pairs plus CNH (or CNY) on different time frames, which shows me direction for each pair. It's not precise as a scalpel, but still can be used for scalping, however weird it may sound :)
In addition to this, standard ABC(DE) patterns can be used.
Hope you'll find this piece of information useful and practical.
From 2007 to today:
5 years:
1 year:
YTD:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
