IDX
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!
Bearish scenario, an IDX analysis we don't want to see IDX looks good on daily timeframe but the probability of a fake break out on monthly timeframe is so quiet concerning. In order to stay bullish on IDX, the last point of support should not be broken down. The bearish scenario invalidation if a monthly close above 6755 and break out of pink resistance. The Yellow line is conservative bearish outlook and the Red line is aggressive bearish scenario.
Check on previous bullish analysis on 22/03/2021
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.
UNVR OutlookDisclaimer on,
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
The movement of IDX:UNVR stocks in the weekly time frame seems to have started to form a Higher Low after previously successfully forming a Higher High. The occurrence of the Higher Low coincided with the Fibonacci Retracement ratio of 0.618 and was accompanied by the Stochastic Oscillator indicator which began to move upwards to form a golden cross.
If this rebound is successful, then at least the level to be reached as the price target is at the level of 6040. This level is based on the pattern AB=CD, Fibonacci Retracement ratio 1.618 and EMA 90 which are in adjacent ranges.
The second possible price target is at the 7150 level which is the cluster area of the classic resistance, the 2.618 Fibonacci Retracement ratio, and the 1.618 Fibonacci Extension ratio.
ABCD Pattern of ICBPDisclaimer on,
This is a personal opinion, I am not responsible for your trading results.
Trade with your own risk.
After experiencing a correction and stalled at the 0.5 Fibonacci ratio area which also coincides with the EMA 21 and EMA 34 areas, ICBP stock are seen to continue their strengthening.
The price target to be targeted is at the level of Rp10,025, with the basis of the ABCD pattern and also the classic resistance level.
ISSP , Is this the end of its bullish cycle?The recent All Time High (ATH) just hit the 1.618, and then followed by bearish engulfing. Additionally, there is a potential ending diagonal pattern. TP 2 & TP3 are for overextended scenarios which is low probability if we're considering the current market condition. If ISSP can break out from 394, we can expect potential upside target around 436 - 526. ISSP technical chart represents neutral with caution market condition.
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.
UNVR, ARE WE OUT OF THE WOODS?While IHSG (Indonesian stock exchange) has been on a major bull run since March 2020, and yet we witnessed a huge weakness on UNVR that seems like a never-ending downtrend. But in September 2021, UNVR has shown some strength in the market. Are we out of the woods yet? We certainly don't know, but we can speculate based on the recent impulsive move to the upside. As long as we do not break 3800. UNVR has a potential of around 41 - 75% for mid-term stock holding.
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.
IDX.ASX_Range Breakout and Retracement Trade_LongENTRY: 4.95
SL: 4.61
TP: 5.55
- ADX<20. Would like to be higher.
- RSI>50,RSI<70
- Daily RS -ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI -ve
- Weekly MACD -ve
- Breakout of range and HVN on 30 Sep 2021.
- Retraced to 200MA and rebounded today with high volume.
SMGR TO THE MOON! UPSIDE UPTO 50%! DOUBE BOTTOM POTENTIAL ALERT!3T6 MONTH SWING TRADE SMGR!
BUY IF BREAK AND CLOSE ABOVE 8500!
SUPPORT = 7675 and CL IF CLOSE <7675!
SMGR or PT Semen Indonesia Tbk, commonly known as Semen Indonesia Group, is an Indonesian cement company established in 1957 in Gresik, with the name NV Semen Gresik. In 1991, PT Semen Gresik was the first state-owned company to go public on the Indonesia Stock Exchange.
As a governent company, I think investor and swing trader should consider SMGR. Because, the risk and rewards are so good enough. If you see the volume distribution that happened on last year 2020 (I already circled the volume bar), I think this year is same.
And now, maybe there are many people ask me about their cost operation. The way of coal upside maybe increase their cost because the cost of cement 35% is made by coal. But, you should consider that SMGR have their own coal mining, which is, SMGR already prepare for the worst of expensive coal. And also, SMGR not only use coal for their production. They also use new renewable energy called BIOMASSA.
So, what do you afraid of? The risk is very minimum maybe 3-5% to the bottom, but the upside for the government company is very good upto 50%! REMEMBER THAT THIS IS GOVERNMENT COMPANY!!! THE GOVERNMENT WONT STAY QUIET FOR THIS COMPANY! THE BIGGEST CEMENT FACTORY IN INDONESIA!
GBU AND HAPPY WEEKEND!
Bullish Bias on HRUMOne of the biggest energy company listed on JKSE seems rally since their accumulation breakout for not so later. Buy on weakness should be your consideration as 9400 would be a sweetspot target of the invesment. You can stop your position if the price goes down to 6300 and close below it to seek a new entry on the lower demand area
Bullish Bias on MPPAStrong market rally would come near future after it made despair as inverted HnS appear exactly at demand level. Buy on break should be your consideration or patiently wait till the market create a pullback. Bear in mind that 880 would be an invalidation value if the price goes down and close below it
Bullish Bias on IDXJKSE would still maintain their bullish bias as a bullish flag pattern appear 'till it hit the objective target as AB = CD pattern. Buy on break should be your consideration or just try to seek an inside bar to entry. Invalidation start if only the price goes down and close below 579x
Bullish Bias on JSMRIndonesia's owned state company that operate majority of national toll road infrastructure seems to make a continuation rally after made a trend reversal with it's double bottom and their price correction as descending broadening wedge appear. Buy on weakness should be your consideration or try to seek an inside bar to entry with 4990 as it's sweet spot target. Bullish invalidation start if the price goes down and close below 3600