I found it pretty interesting, here are the points: 1. support line really holding the price up until now, it bounces back price every time price came near of it. 2. my wave count tells me that the correction from 3600 high is near the ending. 3. 0.786 fibo level act as support too, that pulled and pushed the price like a magnet, i believe there was range of...
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.
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.
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.
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.
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.
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.
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.
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.
One 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...
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...
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...
IDX Composite (IHSG) seems to continue it's bullish rally as descending broadening wedge pattern appear with bullish divergence as a momentum. This analysis can be your consideration as your trade decision to buy on weakness on certain stock that highly correlated possitively with this market
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...
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....
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...
One 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