Composite
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.
Comparing COMPOSITE and Yield Spread Between US10Y and ID10YI compared the COMPOSITE and yield spread between the US10Y and ID10Y and discovered that whenever the spread reaches its peak, the Composite bottoms and then begins to move uptrend.
Meanwhile, every time the spread reaches bottom, the Composite is peaking then start to move Downtrend.
Currently, I think the spread is bottoming and that will lead to the composite moving downtrend soon.
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 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
JSMR will shine during Eid holidays 2022. Buy now !!positive sentiment supported the movement of JSMR shares during the Eid holiday season. Based on the news and also from a technical perspective, JSMR shares are also in an uptrend phase with a bullish candle supported by an increasing volume along with an increase in the oscillator and MACD indicators
Evergrande contagion signals on Shanghai compositeClear RSI divergence on price action at weekly period, possible long expected housing crash is near than we thought. FED interest hikes can be last straw on already shaky Chinese housing and banking sectors. CCP Chinas close trading partners and investors will be hit more than ones who kept their distance. Time to weigh ties.
MMLP Trade Plan Confirm breakout with high volume
Now at wave 3 of elliot wave aiming at 1.168 fibonacci 640
scenario 1 buy when inside bar happen and cutloss below the mother bar
Scenario 2 ( buy on retrace ) wait retrace to 610-620
adjust your cut loss below 595
Risk: Missed opportunity
Long term target 735
DRMA PE 9x Avg PE 13x Target 900Most likely will break the triangle at 645 If break it will go up to 735 as the resistance and will continue wave 3 of elliot wave to 850
SL below 570 (short to medium term trade)
seperate the capital for long term investor you can avg down with doubled capital than first entry if the price break down 570
Sturcture market overall is uptrend
ADRO in Squeeze ModeAfter long rally, at the moment ADRO's movement is in ranging area. Potentially, it will continue its rally as long as it can break out 2370 with significant volume. Otherwise, price will drop down to 1960.
Note that big market movers are still in accumulation mode since Jan 12th 2022.
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
INKP: BROADENING BULLISH IN PULP & PAPER INDUSTRYHello traders,
Here's the roadmap of Indonesia Stock INKP
- INKP Has Broken Descending Broadening Wedge Pattern
- Trend Transitioning Indicated by Higher Highs and Higher Lows
- MACD crossed over from below 0, showing potential momentum change
Enjoy!
The roadmap will be invalid after exceeding the support/target level
*DISCLAIMER:
This isn't a recommendation to buy or sell, only an Outlook from technical perspective.