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IDX Composite Index

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COMPOSITE trade ideas

Big Caps of Composite MonitoringI monitor the big caps stocks that very much become the core of Composite. The stocks are : BBCA, BBRI, BMRI, BBNI, ASII, TLKM, INDF, ICBP and TLKM. I excluded GOTO because it has no enough previous movement. I didn't include HMSP and GGRM because of their low Free Market Weighted. Banking Stock near its Support while ASII+TLKM is has room to fall before meeting their Support. Consumer Stocks is still Uptrend and could provide cushion and relatively hold Composite for falling too deep.
IDX:COMPOSITE
by mmdcharts
1
Composite Indonesia Stock Bull or Bear?The Composite Stock Price Index is one of the stock market indexes used by the Indonesia Stock Exchange. we know now inflation in US already rise and is will be very bad news for any stock exchange, the US and FED will increse the cash rate, so its will be affect to the composite Indonesia. Indonesia Composite already hit all time high in this year after the covid issue make indonesia composite correction around 38%. In my opinion and my analyze, Composite indonesia still strongly bull and if we use wave analyze, now indonesia composite already in way to wave 5, i hope in now its still not yet achieve, because the target when i use fibbonaci retracement combine with fibbonaci extension its will be hit around 7500-7700. and after hit that point will be correction, and in my view the correction will be hit until around 6290-6300. If you have any opinion let's comment in below and we can discuss with your view, if you agree with my opinion i want to say thanks to you. Kind Regard, KA
IDX:COMPOSITELong
by Kelvin03A
1
IHSG bull trend is almost end!I try to analize using Elliot Wave perspective, and it seems like the bull trend is almost over.. YES, it could be reach to the psychological level of 7000 or maybe more 7200-7300, but for now the risk is greater than the reward.. The correction to 5000 ish level or lower can happen anytime.. We are in the end of wave 5 of 5.. And if we take a look into the fundamental event, it almost match perfectly, The Fed is going to increase the rate soon... So.. Please tighten your seat belt
IDX:COMPOSITEShort
by steveivan
IHSG can test 6000It seems IHSG is riding on a channel for the last 17 years+, whenever it reached a new high in Fib Channel it went down to test the channel bottom, or in 2 extreme cases exited the channel, (we can consider them black swan events). Now our current situation the Global sentiments are negative are driven by the Fed interest rate hike, Russia conflict, and China's supply chain challenges. So In the short term, there is a possibility to test 6060 (which would be a drop close to 10% from the recent high). But the good news is that Smart money is moving from US stocks to safer assets or value investments like Gold, Bonds, and Emerging economies like Indonesia, Money is moving away from US Growth and Tech stocks or crypto, So there is less chance Indonesia would face significant correction. So the bottom line is yes IHSG in short term can drop due to global sentiments or unpredictable Black swan events. but in the mid to long term it will only go higher. it should touch 8000 by mid-2023. Anyway.. this is a personal POV , everyone should do their own analysis. and responsible for their decision.
IDX:COMPOSITEShort
by Indovestor