COMPOSITE trade ideas
REGULAR BEAR DIVERGENCE (NOT valid yet)!! Looking at today's transaction sure make us less stressful regarding this Bear signal. Using DATA SAHAM INDONESIA apps, we can see that today's COMPOSITE accumulation as well as NET foreign Buy are quite massive. So, i sure hope that this Reguler bear can be cancelled out. Well, we can only see what tomorrow brings.
NB: These analyses are not intended as investment recommendations or as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view. LETS CUANN!!!
IDX or IHSG - "COMPOSITE" update on 28 DecemberI expect this move to happen
1. 6330 is a crucial level as it demonstrates previous resistance confluent with fibonacci 2.618
2. supply zone might be a bit higher (red box)
3. Failure swing top (making Head n shoulder)
4. Sell in may and go away
5. Pullback to previous high (5300)
JKSE STILL IN CORRECTION CHANNEL, MIGHT BREAKOUT TO THE UPSIDE!LETS see if today JKSE could break the correction channel to continue its wave 5.
NB: These analyses are not intended as investment recommendations! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view.
JKSE Wave 3 MINIMAL target price now has reached!!E.W wave 3 is 1.6x the lenght of wave 1. By using fibo extension, we can draw the line using wave 1 and wave and we find that WAVE 3 of JKSE is @ around 6177-ish. SO what do we do now? well we can enjoy the bullish we are on right now and wait for the correction to occur (WAVE 4). Remember wave 3 minimal is 1.6 of wave 1 so although the minimal price has reached, the price can still go higher. However, at this point we should be very careful.
IHSG Daily - Swing Sell Indicator (Pay attention)Dear all,
please be aware of this correction of the Indonesia Index.
Even tho the closing price still above the trend line, all traders must pay close attention to tomorrow's market results.
The index itself already rally for many consecutive-days.
Whether it is time to close your position or hold it.
*trade at your own risk.