IDX 31st MAY 2022IHSG for the next 1 year, based on chart pattern analysis.
1. Macro resistance breakout at 6600 in October 2021, resistance area turns into support.
2. Retesting macro support area in May 2022.
3. Form a bullish channel pattern, with 2% support tolerance.
Technically if the price goes down then it will not be less than 6600.
Bullish target up to 7350-8000. This is my IDX trading plan, how about you?
Ihsg
IHSG WEEKLY ELLIOT WAVE PREDICT IHSG will have an ABC Correction after the 5 impulsive movement done (eliot wave theory). So hold up and keep money FRESH and Buy the stocks (bluechip) when the IHSG doing the ABC correction.
Maybe Arround 6700 we can SLOWLY buy our value stocks. For me the Banking Sector is the best choice like BBRI BBCA BBNI BMRI.
Disclaimer On
[IDX] MNCN - stock you want to watch closely in the coming weeksI found it pretty interesting, here are the points:
1. support line really holding the price up until now, it bounces back price every time price came near of it.
2. my wave count tells me that the correction from 3600 high is near the ending.
3. 0.786 fibo level act as support too, that pulled and pushed the price like a magnet, i believe there was range of accumulation around 0.786- 0.868 fibo, as you can see from the volume spikes.
4. resistance line combined with support line makes a compressed cone-like structure.
$AGII Potensi rebound besok 😍 Check it out! 👇 $AGII
Potensi rebound besok 😍
Check it out! 👇
*Perhatikan closing price besok atau lusa. Jika berhasil closing diatas upper line dari Symmetrical Triangle, maka peluang trade ini menjadi winners sangat besar. Namun jika turun dibawah titik SL dan closing dibawah upper trendline dari Symmetrical Triangle, maka kemungkinan gagal lebih besar.
DRMA PE 9x Avg PE 13x Target 900Most likely will break the triangle at 645 If break it will go up to 735 as the resistance and will continue wave 3 of elliot wave to 850
SL below 570 (short to medium term trade)
seperate the capital for long term investor you can avg down with doubled capital than first entry if the price break down 570
Sturcture market overall is uptrend
ADRO in Squeeze ModeAfter long rally, at the moment ADRO's movement is in ranging area. Potentially, it will continue its rally as long as it can break out 2370 with significant volume. Otherwise, price will drop down to 1960.
Note that big market movers are still in accumulation mode since Jan 12th 2022.