UNTR - CUP WITH HANDLEIDX:UNTR CUP WITH HANDLE
13-12-2024
(+):
1. Low risk entry point on nice drifting handle
2. Price above MA 50 > 150 > 200 over 10 weeks
3. Price is within 25% of 52 weeks high
4. Price is over 30% of 52 weeks low
5. 200 day MA trending up over 1 month
6. RS Rating is over 70 (79)
7. Price break major downtrend, it's mean the stock started on Stage 2 uptrend
(-):
1. The stock is slow mover, it will take a while to reach the target
2. The volume when the stock is breaking out not quite big
Note:
Volume not dries up cause of big capital stock, some of big capital stocks doesn't need to dries up their volume
Indonesia
$NEST - POWER PLAYIDX:NEST - PRIMARY BASE
06-12-2024
(+):
1. Low risk entry point
2. Price surge up almost 100% since it’s IPO indicated that the stock is strong
3. Volume dries up with VCP characteristic during this tight pause
4. One of IPO leader after IDX:DAAZ
5. RS Rating is over 70 (80)
(-):
1. Not the best Power Play setup, on the textboox: There is an explosive price move up over 100% on huge volume within 8 weeks and not corrective more than 20%
PSGO - Primary BaseIDX:PSGO - PRIMARY BASE
25-11-2024
(+):
1. Low risk entry point
2. Volume dries up
3. Price above MA 50 > 200 over 10 weeks
4. Price is within 25% of 52 weeks high
5. Price is over 30% of 52 weeks low
6. 200 day MA trending up over 1 month
7. RS Rating is over 70 (78)
(-):
1. MA 150 < 200
2. The volume on breakout is too small
Macro Monday 53 - Indonesia – Palm Oil Capital of the WorldMacro Monday 53
Indonesia – Palm Oil Capital of the World
This week we are looking at all the reasons why Indonesia is one of the fastest growing economies in world and projected sustain this growth well into the future. We will learn how it is incredibly diverse this group of islands are in produce, exports, people and even in palm tree variety.
Let’s look at a few reasons you need to keep your investor googles looking towards sunny South East Asia, and specifically Indonesia:
1.Indonesia, a sovereign archipelago in Southeast Asia, boasts over 270 million people, making it the 4th most populous country globally after India, China and the United States. People never talk about 4th place but this quite the claim on the world stage.
2.Indonesia hosts the most populous Island in the world called Java. Java, which is on one of the Greater Sunda Islands in Indonesia, it is home to approx. 156.4 million people (of the 270 million people in Indonesia). Remarkably, this makes Java the most populous island in the world, accounting for almost 60% of Indonesia’s total population. The capital city, Jakarta is on the west coast of the island.
3.Indonesia is the world’s leading producer and exporter of palm oil, producing 60% of global palm oil in 2022. Together with Malaysia, they account for more than 83% of the world’s palm oil production today. Unlike Malaysia, which exported the majority of the palm oil it produced, Indonesia is also one of the world’s largest consumers of palm oil, using it as edible oil, in cosmetics and in biofuels. This means Indonesia, is the largest producer, exporter and consumer of palm oil, making it, the Palm Oil Capital of the world. Palm oil (a vegetable oil) is becoming increasingly popular internationally in food and its highly likely if you ate something out of a wrapper recently, it likely had palm oil from one of these regions in it.
The main destination of Palm Oil exports from Indonesia are: India ($5.4B), China ($3.61B), Pakistan ($3.21B), United States ($1.89B), and Bangladesh ($1.48B).
4.In 2022, Indonesia held the distinction of being the world’s largest exporter in several other key categories also:
A.Palm Oil: Indonesia exported $28.7 billion worth of palm oil, as noted this makes it the top global exporter in this category.
B.Ferroalloys: With exports valued at $13.7 billion, Indonesia led the world in ferroalloy exports.
C.Lignite: Indonesia’s lignite exports reached $8.29 billion, securing its position as the largest exporter.
D.Stearic Acid: Exports of stearic acid from Indonesia amounted to $6.84 billion, ranking it first globally. This is derived from palm oil and palm oil derivatives.
E.Nickel Mattes: Indonesia exported nickel mattes worth $6.27 billion, making it the world’s leading exporter in this category
http://F.Gold: Indonesia plays a notable role on the global gold mining stage. It contributes about 4% of the world’s gold production. One of its standout operations is the Grasberg mine in Papua, which ranks among the largest gold mines worldwide. In 2022 Indonesia produced 85 metric tons of gold worth $2.4 Billion.
5. According to the World Banks forecast, they project an average annual growth rate of 5.1% for the coming 2024 to 2026 period. Additionally, Indonesia aims for a robust 5.2% economic growth rate in 2024, despite challenges such as declining commodity prices and economic conditions in China, which is a key trade partner.
6. The median age in Indonesia is approximately 30.2 years, with 42.4% of the population falling between 25 and 54 years old. Additionally, the 0-14 age group constitutes slightly over 25% of the country’s population, indicating a significant youth demographic that will eventually join the workforce as the current workers age.
7. The country’s diverse demographics include more than 300 distinct ethnic and linguistic groups, with the Javanese being the largest and most politically dominant, constituting over 40% of the population. If you want an interesting read, look into the Javanese people and culture, they are a very interesting and widespread culture.
8.The Palm Tree Varieties In Indonesia, palm trees have a long history and are an integral part of the landscape. Here are some key points related to palm trees in Indonesia:
A.Coconut Palms: Coconut palms (Cocos nucifera) are widespread across Indonesia. They provide essential resources such as coconut water, coconut milk, and coconut oil. The versatile coconut tree is used for food, shelter, and various products.
B.Areca Nut Palm: The areca nut palm (Areca catechu) is native to Indonesia and other parts of Southeast Asia. Its seeds (betel nuts) are chewed with betel leaves and other ingredients in cultural practices.
C.Oil Palm Plantations: Oil palm (Elaeis guineensis) is a significant commercial crop in Indonesia. The country is one of the largest producers of palm oil globally. Oil palm plantations cover vast areas, especially in Sumatra and Kalimantan.
D.Sago Palm: The sago palm (Metroxylon sagu) is native to Indonesia and Papua New Guinea. Its starchy pith is processed into sago flour, a staple food in some regions.
E.Borassus Palm: The Borassus palm (Borassus flabellifer), also known as the talipot palm, grows in parts of Indonesia. Its leaves are used for thatching roofs, and its sap is fermented into toddy.
These varieties of palm species contribute to Indonesia’s culture, economy, and daily life. The trees grow particularly well due to three vital factors: the tropical humid and wet climate, the rich volcanic soil(unique to the islands), and the equatorial location (abundant sunlight).
9. Indonesia held the G20 presidency in 2022. This was handed to India who will hold the position until 30 November 2023, after which it passes to Brazil.
10. A Brief History
The Dutch significantly colonized Indonesia during their imperial expansion. The Dutch East Indies, also known as the Netherlands East Indies, was a Dutch colony that mainly comprised the modern state of Indonesia. The Dutch East Indies contributed to Dutch global prominence in spice trade during the 19th century. Spices like cloves, nutmeg, and cinnamon were highly valued in Europe at the time and grown abundantly in Indonesia. During this colonization period major infrastructure projects helped modernize Indonesia. The Dutch ruled this territory from 1816 to 1941, until the Japanese occupation during World War II. Indonesia declared its independence on August 17, 1945, following the Indonesian War of Independence. Afterward, Indonesia and the Netherlands made peace in 1949.
The Charts
The FTSE Indonesia Index (In Rupiah)
The FTSE Indonesia Index represents the performance of large and mid-cap Indonesian companies that are constituents of the FTSE All-World Index.
▫️ Since 2010 this chart has been moving up and to the right.
▫️ Currently rising above the 200 day moving average and may be forming an ascending triangle.
▫️ At present I would not trade this but a trade is there to be taken with a stop below the diagonal trend line. ▫️ Ideally I would like a break out above the overhead resistance line before I make an entry so this chart is a watch and see.
▫️ There is a currency risk in the trade as this chart is in Indonesian Rupiah which has been in a downtrend for over a decade.
iShares MSCI Indonesia ETF (in USD)
▫️ Again, not an ideal chart however we have a definitive diagonal resistance line and POC to observe and break above, both of which would signal long term trend shifts.
▫️ There is currently a trade that can be played here, we have the DSS Bressert crossing and we appear to have made a higher low. A trade entry could use the most recent higher low as a stop. You could exit at the diagonal resistance line for a 20% trade or hold onto your handle bars in hope for a long term break of trend.
Crude Palm Oil Futures - $FCPO1
▫️ A compressing pennant pending decision. There is not a lot else to say here outside of the another likely DSS Bressert Cross.
Palm oil is a major contributor to the Indonesian economy. It contributes between 9 and 17 per cent of GDP. The sub-sector employs 8 million people, or 3.5 % of the country's workforce. Oil palm cultivation contributes significantly to household incomes, particularly in rural areas.
All these charts are available on my TradingView Page and you can go to them at any stage over the next few years press play and you'll get the chart updated with the easy visual guide to see how these Indonesian indexes and or palm oil has performed. I hope it’s helpful.
PUKA
Trade Like A Sniper - Episode 41 - USDIDR - (13th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing USDIDR, starting from the 3-Month chart.
If you want to learn more, check out my TradingView profile.
BBRI 22 Apr overall risk:
the price already creating LL (orange) the risk is higher for me.
Strong support range 4830~ 4620 bottom purple box
but this is our chance to get discount price at LL / shadow MN. hoping it can reach the shoulder at minimum next month.
24Apr Earning & Revenue
Buy price:
-H4 fib & TL can be our buy range: 5100
-Also prepare for avg down if 24Apr report is red / under than estimate.
safety buy, wait D1 closed above 5350 then buy at retrace.
Target:
T1 5650
T2 5900
T3 as invest
no CL for me as long as the price D1 still above 4600 (+-10% SL). just play with the cap as long as your holding Avg price under 5650.
Disc: SL max at your own Money management plan
BBCA 5 APRthe last BBCA map already closed BEP (-0%)
yesterday price closed above 9775
this chart is 2nd try with new buy area.
remember that at this time, the wave already create new LowerLow means the risk is higher.. do your MM
or wait when the price near 9300 or above 10100 area if you dont want to take risk at current position.
Buy area 9775 ~ 9625
Price under 9575 = CL BEP or 9700
risk still the same, lower TL and SBR higher TF 9350 ~9200
Black Swan Events: Recovery and Volatility of Key AssetsDespite the stark declines during the COVID-19 black swan event, assets like Bitcoin, gold, the S&P 500, and the Indonesia Stock Exchange demonstrated remarkable resilience, not only recovering but also soaring to new heights, showcasing the enduring strength of diverse investment portfolios. However, the recent escalation in the Israel-Iran conflict has again put pressure on these assets, causing a downturn as global markets react to the uncertainties. #Bitcoin #Gold #SPX #IHSG
London Metals Exchange Week 2023 reviewAs London Metals Exchange Week 2023 wraps up, we summarise some of the key observations for the state of the base metals in 2023 and what are likely to drivers for the markets going into 2024.
Better than the macro data would indicate
Despite the challenging macroeconomic backdrop especially in China, metal demand is holding up fairly well. Demand indicators are generally holding up better than macroeconomic data would suggest, indicating other forces are at play. The main diver of the discrepancy is likely to be the shift in demand for metals coming from the energy transition.
The upside surprise in Chinese demand can be linked to accelerated grid spending in the country which is a metal intensive activity (Figure 1). China has ‘net zero’ ambitions and has been using this era of relatively low copper prices to accelerate the buildout of its grid infrastructure that will be essential for increasing the capacity of electric vehicles on its roads.
More broadly, China’s piece-meal stimulus activity is starting to bear fruits. Aggregate financing to the real economy has turned a corner after several months of disappointment and is now rising faster than consensus expectations, which could bode well for further metal demand. It’s worth noting that copper demand in China had not fallen as much as aggregate financing data would have indicated (Figure 2). We believe the stimulus will continue to support the metals market into 2024, although we note that China has not yet offered a big ‘bazooka’ of a stimulus package yet.
More metal supply in 2024
Markets are concerned that the supply outages in a range of metals could reverse course next year and therefore start to weigh on price. In its latest projections, the International Copper Study Group (ICSG) now envisages a massive supply surplus of 467,000 tonnes in 2024 (previously 298,000 tonnes). This is thanks to a considerable expansion of refined copper production, especially in China, though new production capacities in Indonesia, India and the US are also set to contribute to nearly 5% year-on-year production growth in 2024. However, the group maintain a deficit forecast in 2023 in the order of 27,000 tonnes, albeit a narrower deficit compared to their April forecast of 114,000 tonnes. Other metal study groups (such as the International Nickel Study Group, International Lead and Zinc Study Group) that met the prior week also expect higher supplies. However, we note that a lot of European metal smelters that went offline during the energy crisis of 2022 are unlikely to come back. Furthermore, these forecasts are based on all planned production coming to the market, which is rarely the case. Usually a 1-2% supply disruption takes place and that has the potential to significantly alter the balance.
Nickel oversupply spilling into Class 1
Market participants are increasingly worried about a Class 1 nickel oversupply in 2024. Indonesia’s mining and processing expansion has largely impacted Class 2 nickel. That is the material most suitable for meeting Chinese demand for nickel pig iron (NPI). High quality, Class 1 nickel, however, has been in a supply deficit in recent years. Class 1 has seen increasing demand from battery applications as electric vehicles expand production (and utilisation). However, conversion of Class 2 to Class 1 is looking increasingly economically feasible and Indonesia is at the forefront. There is even potential for a trade deal that could see Indonesian supply become Inflation Reduction Act compliant. That could see US battery demand be met by a new source of metal supply. At the same time, what was thought to be a localised shift to less nickel-intense battery technology in China, could become a more global trend. That is also a source of concern for the market.
Market developments
The London Metal Exchange (LME) Chief Executive Matthew Chamberlain announced at the main LME dinner that the LME has launched a new collaboration on product development with its Chinese rival, the Shanghai Futures Exchange (SHFE). The announcement came after news last month that SHFE was looking into the possible launch of a nickel futures contract for international use. A much larger proportion of industrial nickel use today is Class 2 rather than Class 1. China is seen as the main venue for transactions in Class 2 nickel and should have a greater role in benchmark price formation. The Class 1 LME contract thus has a degree of disconnect with the bulk of current industrial use and therefore has been seen as an imperfect hedging tool. While the LME didn’t offer much detail about its collaboration with the SHFE, an obvious area for joint work is in nickel.
Conclusions
Overall, the mood at the LME week was sombre, not just because of the geopolitical events that took place the weekend before the event. However, many were surprised at the strength of current demand. As we have highlighted, commodities tend to be late-cycle performers and we are likely seeing that in play in the current economic cycle. The energy transition is adding further fuel to metal demand that could help the complex during otherwise challenging times if a perfect soft-landing is not achieved.
This material is prepared by WisdomTree and its affiliates and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date of production and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by WisdomTree, nor any affiliate, nor any of their officers, employees or agents. Reliance upon information in this material is at the sole discretion of the reader. Past performance is not a reliable indicator of future performance.
EUR/IDR - Rising Wedge BreakdownPrice not able to maintain support, now retesting 16550-16750 as primary support. Deeper target would be width of the large wedge but it's very plausible to make a higher low at later range and continue upwards.
Good support at 15900-16150 and deep support at 14750-15300.
SINGAPORE & INDONESIA COVID-19 WavesWas in a number of private discussions over this week, and noted that there appears to be some dynamics in motion currently.
Quick note that the Singapore 6th COVID wave is pretty turned over, according to the data provided publicly. It was a smaller wave compared to previously, as expected.
However, the neighbouring Indonesia is currently in the midst of a wave and by similar projections (if relevant), the wave should peak out over the next two weeks ending November.
Just an observation to share...
PS. Apologies, I don't know why the chart looks so messy... it published differently, pre-cleaning up.
Just look at the MACD curves and about 78% of the previous wave (MACD) as the target point for Indonesia wave to peak out.
Short INDO: micro-cap Pump and Dump over, acquire more ZcashDigital Financial Asset Privacy is the new Oil.
Indonesia shell company micro-caps are not!
be safe with this ticker, it could still double again from $40
however risk is best managed by exiting all positions here, in the moment of peak euphoria and illiquidity
IDX $AGII Rising Wedge Potential Breakdown$AGII of IDX
Technical:
Rising Wedge breakdown followed a textbook ABC pattern
Breakdown will result in freefall to a strong first support at 1400 area, followed by a failed attempt to push past the bottom channel of the wedge and will start another freefall to the next support at 800 area inside 0.618 fib area.
Fundamental:
The trigger would likely be the (next) earning report as evidence in decline of EBITDA over the subsequence quarter which has little hope to reclaim record earning at Q3 2021
Q4 2021 exhibit a poor earning performance(-25% from Q3) but followed by a to new ATH at 2500. The (low volume) markup most likely mark the start of distribution phase to from institution to retail whom realized the declining performance of the company and increasingly unhealthy interest payment coverage by its operating cash flow (EBIT/debt interest : 1.7x)
AGII's EBITDA
Q3 2021 275
Q4 2021 204 ↓
Q1 2022 184 ↓
September 5 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to Glassnode, 65.772% of the Bitcoin circulating supply has not been active for more than one year, a record high. Bitcoin is up 0.82% over the last 24 hours and rose to an intraday high of $20,058.01. The U.S. Bureau of Labor Statistics released the nonfarm payrolls last Friday, which shows that the U.S job market added 315,000 jobs in August, just below the Dow Jones estimate for 318,000. The cryptocurrency rose alongside the traditional equity market after the report was released, but could not keep the upward momentum during the weekend, suggesting the bears are selling on rallies. For now, the buyers must hold the price above the psychological level of $20,000 in order to avoid further decline.
Today’s Cryptocurrency Headline
Indonesian Government to Launch Crypto Exchange This Year
The Indonesian government plans to launch a crypto exchange by the end of the year, Indonesian Deputy Trade Minister Jerry Sambuaga said on the sidelines of the 2022 NXC International Summit. The cryptocurrency initiative is part of the government’s efforts to protect consumers amid rising interest in digital currencies. The exchange was originally scheduled to go live in 2021, but was delayed due to the complicated process.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.