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Long Hope for IDX Composite (IHSG)**Market Action DIscount Everything** I got an idea based on price action analysis that JKSE (IHSG) would still maintain their bullish biases (momentum). We would see that the market formed a falling wedge pattern from 21st Jan of this year 'till this time, indicating that this market would make a continuation on their bullish trend. This signal was also confluenced by the order block on 20 Nov 'till 02 Dec 20 that remain a liquidity zone for the price, since we got 2 price rejection on 01 Feb and 20 May on this year. The last but not least, we may see that this market would reach their target price @7000 as their all time high price based on fibonacci external retracement cluster. Short term note: Since we see that the market formed a mini raising wedge pattern on the edge of the faliing wedge, i expect that we gonna get a minor price correction before the market price goes high to the expected target. Regards, Happy Cuan
INDEX:COMPOSITELong
by danandyo
NASDAQ Pullback?The weekly chart of the Nasdaq index is showing weakness with multiple weekly candle rejections at exactly the 1.618 fibonacci extension level. This is key to note as the 1.618 as many know is often the first place traders short, sell and or take profits after price breaks all time high. So paying attention to the $180 level will be important. If bulls can ever get a weekly close above this level, the run up can continue. Until then, proceed with caution this week and probably the next if your portfolio is very tech stock heavy.
NASDAQ:NDAQShort
by TradeVibez
Jakarta Composite Index (IHSG)- Shall the Downtrend Continues?Hi, Jakarta Composite Index (IHSG) has been on the downtrend for the last one month. If we look at the chart, we can find a double top which the support has been breached and become a resistance. The Index has just tested the resistance and pull back which can signal a possible downtrend. The key points for a further down will be : 1. Covid 19 Vaccination has started in Indonesia. However, there are areas in the country refusing to receive the doses; 2. Indonesian companies are subjected to release their 2020 full year audited financial report which is assumed not to be in a good performance; 3. Bank Indonesia is going to announce the interest rate. Remember, The trendline might be breached. As long as it is not, I am going to stay liquid. Happy Investing!
IDX:COMPOSITEShort
by TheWallPipsJournal
Indication of Head and Shoulders Pattern in IHSG (Composite)There are currently head and shoulders pattern in Indonesia Composite Index with 6200 as Left Shoulder and 6200 as potential Right Shoulder if the market couldn't break with good volume at 6200, and 6500 as head price, the neckline is around 5800-5900 and downside potential to 5400 since there's small gap at 9th November or 5200 if you pull a line from head to neckline at 11,28% (IDR 662) *disclaimer on : there are no buy or sell signal
IDX:COMPOSITE
by Anomaly7
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:COMPOSITE
by Talismanxx