BME
AMS Bearish HaramiJSE:AMS has broken through an ascending support line and formed a bearish harami pattern.
We will be looking at a short position, but be aware of the support level around 73000 as it might stall there for a while before finding direction again.
AMS - Momentum Strategy LongAll of the criteria have been met for a long on JSE:AMS on our Momentum Strategy.
The EMA's have crossed, The Stochastic has crossed up along with the MACD.
Anglo American ShortJSE:AMS has broken out of a descending triangle pattern as well as breaching through a downward fractal.
I have entered a short position with a target around the 55500 level.
Amplats broken through supportAnglo American Platinum Ltd have had a good run of it over the last year. The stock has been very bullish but it would seem as if it has run out of steam and momentum.
As of the end of February, a big bearish divergence have occurred between price and the MACD. Since the formation of that divergence, JSE:AMS has also broken through support at about R720.
It might be a good time to go short, but I would like to get a better price than where it is currently trading.
Action: Place a limit order to go short at R720 with a stop loss set to R780. Set your take profits to R660 and R600 respectively.
PT.Garuda Indonesia,Tbk (GIIA) EW+Fibo Stock Analysishello guys,
i'm here to descride how GIIA stock will go afterward,all the indicators in 4h,1D,1W timeframe is showing very very overbought sign within huge volume in present days. if you see in 1M timeframe,it's also making a higher low, again. i think today price will being the big 5th waves of it within closed above 0.618 golden ratio, pulled from 2016 all time high, despite the fundamentals of Q3-2018 GIIA revenue which showing a good signs.
maybe it will go in ABC correction within upcoming months.
just education purposes only.tab likes if this helpful :)
USD / IDR time for a correction - because everything correctsThis is 100% technical analysis and 0% fundamental analyis. I would like to see for myself if TA can stand on its own.
By my count there is some strong bearish divergence shown on the RSI. Three higher highs have translated to lower highs on the RSI, indicating slowing momentum. When that slowing momentum is also coincident with what seems to be (I only spent 5 mins on it) wave 5 of 5. Since this is the first time I have looked up the currency pair on a technical chart it would be unlikely that I did so "at the top" but right now it is a plausible scenaro.
Saying that I would normally expect wave 5 to at least reach the top of the channel, and of course, normally top the wave 3 high as well. However, it seems a real posibility that it will fall short. The IDR has been weakening for years and a correction may be warranted - especially if the USD loses strength.
What will happen now is the start of a small correction (to start with to the lower trend line) but keep an eye on signs that the correction may be steeper or deeper. If the lower trend-line is broken with momentum and volume I would stay in the short trade. Because wave 5 (if it turns out to be the wave 5 top) is truncated (lower) it would indicate there is significant downward pressure and the correction could be swift.
My other scenario is a lot more bullish; that this is just sub-wave 1 of the larger degree 5th wave up. This would mean all time highs for IDR in a year or two.
I am not "trading" IDR but keeping an eye on it. I don't trade FOREX - mainly commodities like bitcoin, silver, gold, and crude. This is published for my own education. Comments welcome. Let's see how it turns out.
Further IDR Depreciation?This has been a tough one to make a prediction because it is at the same level during the crisis in 1998, but notice it is the new normal for Rupiah, even though nominal term seems horrifying, but in terms of percentage it is tamer than of that in 1998, 2008/2009 and 2015. Looking at the 3 flags pattern there are probability that IDR may hit 15k in the near term.
The low inflation in Indonesia (2.88% in September 2018) will hopefully control the IDR movement against the USD because considering a higher real yield from IDR bonds will invite foreign investors to buy in and creating a higher demand for IDR bonds and of course it will appreciate the IDR as well.
USDIDR will definitely determined by 2019 next electionI'm betting on Rupiah strengthened against dollar if Mr. Prabowo being elected in next 2019 president election and predicting Rupiah will go straight above 15K-ish if Mr. Jokowi continue to the second period.
My ressistant and support is above.
Mr. Prabowo x Mr. Sandi = Military x Businessman = IDR will be strengthened to 12K-ish
Mr. Jokowi x Mr. Ma'aruf Amin = Businessman x Religious Leader = IDR will be weakened to 15K-ish
Tradingview,
Blockchaindedi
2:20 P.M - 1 September 2018, Indonesia.
Platinum pairRobbyP, on our Unum Capital Trading desk, asked me look at Implats (IMP) vs Amplats (AMS) for a pairs trade.
Unfortunately this trend doesn't look like it has reversed, so I'm staying away.
H&S failure vioalting right shoulder of H&S could lead to H&S failure. A significant move if its true
