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IDX Composite Index

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COMPOSITE trade ideas

IDX Composite - Jan 2024From Nov 23 - Composite has gone up for around 10% until the current date. Some news says " there is a pull back as rate cut rally dissipates" for IDX, we must see using the Indonesia's rate policy, which now is in a good stand, inflation is under control, most of big companies performance for the last 9months have shown a significant growth. Our Banking industries', which accounted to around 50% of the Composite portion's, growth also in the good direction. We are still waiting for the last quarter performance result I believe, this year, though it's a political year for indonesia, IDX COMPOSITE will still grow higher than last year
IDX:COMPOSITELong
by Plan_Trade_Repeat
IDX Composite_31 August 2023the IDX failed to close at 7000 yesterday and today its back to 6939 level, but if we look at the bigger picture, IDX is still on uptrend, as long as it can maintain the minimum level at 6882 we are still in a good path If we see A/D line, this indicator also still convergence with the IDX Hopefully in a few weeks /month before year end, we can see the IDX back to level 7000 even more Since our index mostly is supported by finance industry (more than 50% weight), with the help of the Big banks performances (Good sign), our beloved IDX will come back stronger Patience is the key to success. #plan_trade_repeat #plan_trade_repeat
IDX:COMPOSITELong
by Plan_Trade_Repeat
COMPOSITEIf We see period from 5 june to today 6 july, there is a symmetrical triangle pattern formed and today's closing above the upper trend line of the symmetrical triangle. if the price is staying on this level, it's possible to reach next resistance on 6822. If we assess using AD Line indicator, we can see that the ADline is recording a new high which means more stocks are following this trend But if we see using McClellan Summation index, it shows the money havent entered the market yet which make the market will retrace for some time so is composite will go higher or retrace for some time? only time will tell @plan_trade_repeat
IDX:COMPOSITE
by Plan_Trade_Repeat
Weakening Target of Jakarta CompositeDisclaimer on, This is a personal opinion, I am not responsible on your trading results. Trade with your own risk. For 6 months ( 13 May '22 - 06 Dec '22 ), the Composite Index moves in a huge sideways and forming the Bearish Pattern Flag, finally it decide one way to be chosen. Unfortunately , its choice is to go down which is confirmed by broke the lower trendline and close below it ( 08 Dec '22 ). This action is confirming the Bearish Flag Pattern which is mean then the price will be going down. I assume: - The first target of declining is the 6440 - 6450 level (1.0 Fibonacci Extension ratios and classic Support area). - The lowest target of this decline is the 6140 - 6180 level, because there is a gap that needs to be closed at the levels 6160 - 6180 which was formed on 30 sept '21 . This assumption is reinforced by the accumulation of 1,618 Fibonacci Retracement and Fibonacci Extension ratios plus classic support area. "Fasten your Seatbelt, and get ready to BOW" Follow me for next update ___________ Best regards, @riandwip686
IDX:COMPOSITEShort
by riandwip686