COMPOSITE trade ideas
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
IHSG Leapfrog Style?There is a gap in 7200 that must be closed. However, today IHSG bump into that level and go down again. With upcoming BI Rate accouncement that would be resulted in increasing saving rate, I believe IHSG will have to go down until 6100-6200 before rising up to new ATH!
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 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
short on idxlong-legged doji on the weekly time frame on the top indicated trend reversal with the macroeconomy doesn't feel good at the moment. I am super bearish with the Indonesia stock market right now..
better to take profit and stay away from the stock market at the moment.
IHSG Composite ask permition to landing, captain!!!All info on the chart.. It's crystal clear!!
Tighten up your sitbelt..
Cheers!!!
Return of IDX IndexesHere is shown the return of many IDX Indexes since 2022.
My favorite is IDX80.
Other IDX Indexes that should be in the spotlight are IDX30, IDXG30, IDXV30, and IDXQ30.
Interesting to see that IDXG30 and IDXV30 are outperformed IDXQ30. This shows that Investors prefer Growth Stocks (and Value Stocks) over Quality Stocks.
During conditions that are good for Stock Market, Investors select risky investments.
War Effect to JCI StocksI try to show the effect of Russia - Ukraine War for Indonesia Stocks.
There are 4 column consist of :
1. Mineral Stocks
2. CPO Stocks
3. Coal Stocks
4. JCI vs EIDO vs MSCI Asia ex Japan vs MSCI Emerging Market
Maybe the war bring negative news to other market but not for certain sector in Indonesia stocks market.
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
IHSG Composite Best buy at median pitchfork red lineIHSG Composite. Projection target (5381+(5381-3911))=6851 wave 5 of 5 achieved. Best buy at equilibrium line midline at around 5300-5400
ISHG - HATI-HATI BUY 2022Analisis candlestick murni price action. Jika ada fakeout maka sell, jika tidak maka wait.
resiko harap diperhatikan.
#sok trader.
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.
Q1 2022 IDX Targets 6902 - 7020Bullish run projection in Q1 2022 for IDX after a failed window dressing in December 2021.
DISCLAIMER ON
This analysis is not financial advice. Please note that you are responsible for your own investments. This chart only represents my opinion and view about the stock market in general and may be used only for educational purposes.
IHSG waiting for breakout/breakdown...Despite the fact that it had regular bearish divergence which usually suggest the reversal of a trend, IHSG at around area 65xx still hold strongly. As a result, IHSG now moving sideways at an area of FIB 0% and FIB 23%. This suggest that, below FIB 23% IHSG will turn bad while above FIB 0% will be good.
Also, HEIKEN ASHI which supposed to filter out the chart just turn green.
all indicator I use seems all good.
IDX COMPOSITE FORECAST FOR NEXT 4 WEEK This is my wave analysis for IDX COMPOSITE, as I mentioned before IDX COMPOSITE have a potential bearish from weekly chart for next 3 three month. Correction most likely will happen in Mid January. This is the detail from 1H timeframe
One more up swing, bullish scenario on IDXOne more up swing in the current primary cycle. The green scenario is ABCDE or correction pattern, that tends to be shallow but takes longer time to complete. On the other hand the red scenario is ABC or WXY correction pattern, these patterns tend to be sharp but shorter than triangle pattern. Invalidation point of this bullish analysis if IDX < 6134.8818. The fifth wave tends to be slow upward price movement. As we are reaching the end of the primary cycle, it is good to acknowledge that a major correction might be happening in not so distant future. The fifth wave is good for trader in the next couple of months, but I don't think it is good for mid and long term investment because essentially at this point you are buying at the top. We might be seeing stocks that haven't been moving in this primary cycle of IDX suddenly moving up while IDX is facing a local downtrend for example see
Previously I have posted my view on macro analysis, the bearish scenario that we don't want to see. My main bias is we are currently in an impulse primary cycle, but it is good to put the bearish perspective in the back of our minds so we can see the chart in a more objective way. If we are currently in corrective pattern these scenarios might be taking place in the future
DISCLAIMER ON
This analysis is not financial advice. Please note that you are responsible for your own investments. This chart only represents my opinion and view about the stock market in general and may be used only for educational purposes.
The bull on IHSG has finished? Based on Elliot Wave counting it is highly possible that the wave 5 has already finished on the IHSG Weekly chart...
IHSG / IDX Correction prediction !So after breaking new ATH recently, IDX currently has formed Rising wedge which means it gonna dip for a while.
The nearest support is 6500 area, if it bounce from here we can be sure that IDX will reach new ATH on January 2022
during Window Dressing, Santa Claus rally, and January Effect.
But it can broke down to 6375 level or even 6150 level.
As long as 50 EMA still above 200 EMA we will gonna be bullish for a moment.
Stay safe, Invest wisely! be cautious.
If you like this please drop a like and give it a follow !
Feel free to post your opinion on the comment section!
Stay strong Indonesian Brother!
IDX COMPOSITE FORECAST FOR NEXT 8 MONTH (NORMAL CORRECTION!!)Overall, IDX COMPOSITE managed to break through its all time high, but if you look at the weekly line chart (my WEEKLY ANALYSIS in different post), it's time to retest the support area with the farthest target at 6258 in mid-January, supported by weekly bearish divergence, so index correction is still normal.
let's go into more detail on the 4Hours timeframe.
From October 15 to November 8, a broadening pattern was formed, and has managed to reach the target at 6,750.
Until November 25th, a confirmed rising wedge pattern was formed with a target of a decline to 6,448 (fractal with a demand area). The possibility of a reversal of the index (rebound) around December 6 and retests the resistance again (6.550)
However, on the other hand, if it is in accordance with the above scenario, a potential double top pattern is also formed (confirm if index cannot break resistance around 6.550), with a further decline to 6.258 (fractal with second demand area)
In simple terms, the above can be referred to as the A-B-C correction wave which will last until mid-late January, and once again its still a normal correction, not even a crash.
Disclaimer On.
IDX COMPOSITE RETEST to 6200-6300 IN JANUARY 2022IDX has succeeded all time high, broadening pattern identified. Now, its time to RETEST SUPPORT AREA as chart show, this analysis supported with bearish divergence weekly.
