Indeks
OMX C25 Bullish-analysis Inflation lossThe fall in the Danish index has reflected the Corona crisis and inflation.
However, inflation is loosening, say many economists and financial houses, which have provided many happy investors.
Over the next six months, I believe that we will see positive fluctuations in the international index S&P, which is very reciprocal with the Danish index. Through this I have illustrated an analysis which indicates the waves the index will follow, indicated on the drawing above. However, it will still be a long time before we approach an all-time-new-high, but we must be patient.
OH NO!! Downtrend channel is forming for JKSE!!Ok, so IDR just passed psychological level of 15k, it happened right the next day after I posted my analysis where you can see it here .
Low inflation create worries in the market because analysts are speculating that there might be a lower demand in the market. The September data shows a deflation of 0.18% MoM which driven from a lower food prices - broiler chicken to be specific, red onions, red chilli and chilli peppers.
This downtrend channel is likely to happen because there are very little sentiment in the domestic market other than earnings 3Q18 which most likely not be very satisfying for banks (higher rates + low loan growth + higher deposits = lower NIM). Selected retailer may show some recovery and I believe the mining sector will support much of the index.
If the price movement breaks the upper resistance channel, hence I can be confident there's a recovery and it can close on a 6,000ish by the end of the year...But as long as if it floats by the channel, I believe it's still a downtrend movement.