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Ihsg

IHSG Bullish Trend. + Window Dressing & Santa Claus Rally = 6K ?3 Bullish candlestick pattern (in full RSI above 70 consolidations) without any Bearish candlestick pattern. The Indonesia Economy as a developing country got so many trusts from foreign investors. Rupiah maintains its strength throughout the week. Can't wait to see our IHSG movement in December. Remember to always trade at our own risk. Use good money management and practice our trading psychology. *Disclaimer On
IDX:COMPOSITELong
by garudamerapat
JKSE Projection for End of Year 2020 : Crash to 4450-4550 ?MA200 Point of View: On 15 October 2020, failed to breakout MA200 (5191) with a high at 5182. The last time JCI failed to test MA200 resistance on August 28, in the following days it crashed to the level of 4754 (down 628 points, -11%). If the same pattern is repeated (orange line), the target of the decline this time is to the level of 4550. ================================================== ================================= Potential of Double Top Pattern View: The JCI pattern on September 11 - October 15 forms a potential Double Top (Bearish), with confirmation of IF falling below the neckline support at 4820. If the 4820 breaks, JCI has the potential to fall to the 4450 area (according to the projection of the decline in the double top pattern) ================================================== ================================= Fibonacci Retracement & Supply and Demand Point of View: Since the lowest swing low on March 24 at the level of 3911 to the swing high on August 28 (rejection MA200), the JCI has managed to be strong bullish with an increase of 1471 points (37.6%) to the level of 5382. If we draw Fibonacci Retracement, JCI when it crashed on August 28 rebounded from Fibonacci 38.2 to the level of the 4800s. With analysis points from MA200 and the potential for a double top, JCI has the opportunity to fall to 4450-4550, to the Fibonacci area of ​​61.8 around 4472 (strong support for the supply and demand area at the end of March - early May). ================================================== ================================= With a bullish reversal target in the 4450-4550 area, JCI has the opportunity to rebound to the 5000-5400 area at the end of the year.
IDX:COMPOSITE
by CH6WILLIAM