Indonesia
IDX: SMGR Reverse Head n ShoulderTime to wait n see to buy $SMGR on Jakarta Composite Index. $SMGR is a State-Owned Enterprises, bluechip, with a good financial report and it possible to BOOM! in 2022. Lets to tracking on the news and flow of big capital by foreign or domestic.
#DYOR
*not financial advice
Composite Indonesia Stock Bull or Bear?The Composite Stock Price Index is one of the stock market indexes used by the Indonesia Stock Exchange. we know now inflation in US already rise and is will be very bad news for any stock exchange, the US and FED will increse the cash rate, so its will be affect to the composite Indonesia. Indonesia Composite already hit all time high in this year after the covid issue make indonesia composite correction around 38%.
In my opinion and my analyze, Composite indonesia still strongly bull and if we use wave analyze, now indonesia composite already in way to wave 5, i hope in now its still not yet achieve, because the target when i use fibbonaci retracement combine with fibbonaci extension its will be hit around 7500-7700. and after hit that point will be correction, and in my view the correction will be hit until around 6290-6300.
If you have any opinion let's comment in below and we can discuss with your view, if you agree with my opinion i want to say thanks to you.
Kind Regard,
KA
IHSG WEEKLY ELLIOT WAVE PREDICT IHSG will have an ABC Correction after the 5 impulsive movement done (eliot wave theory). So hold up and keep money FRESH and Buy the stocks (bluechip) when the IHSG doing the ABC correction.
Maybe Arround 6700 we can SLOWLY buy our value stocks. For me the Banking Sector is the best choice like BBRI BBCA BBNI BMRI.
Disclaimer On
CRYPTO WINTER ??? #BITCOINAccording to my analysis, most likely bitcoin and altcoins have entered the crypto winter phase. crypto winter can be defined as a period in which the prices of all cryptocurrencies drop drastically below the normal bullish trend values. Generally, during the winter period the market as a whole collapses and will not recover for a long period of time.
So bitcoin will have a hard time breaking through the $50k-$55k area in the next few months or even a year, and maybe it can be broken when BITCOIN HALVING 2024. In my opinion, the bitcoin halving will start in early March 2024 and last until January 2025, with an early sign of btc past $55k-$60k.
Can crypto winter end quickly???? CAN, AS long as BITCOIN is able to break through $53,000 (AREA CONFIRMATION) in the next few weeks, and stay above $50k. But it must be very difficult, because considering the high level of world inflation, the results of THE FED meeting at the FOMC which will continue to raise interest rates up to 100 bps, the issue of world war 3, rising world oil prices (OIL) which is used as an inflation hedge asset, and extreme fear. on volatility assets.
So my advice, you should do 3 things:
1. do a small accumulation on BITCOIN or ETHEREUM every month until bitcoin halving 2024 using cold money.
2. Make quick trades with a profit target of 1-2% on a regular basis with sufficient capital.
3. And if there is a coin/token asset that you have saved and you have lost more than 50%, you should sell it but pair it to btc / eth / bnb. because the price of altcoins can drop even more in the future.
The choice is yours, thank you.
JSMR will shine during Eid holidays 2022. Buy now !!positive sentiment supported the movement of JSMR shares during the Eid holiday season. Based on the news and also from a technical perspective, JSMR shares are also in an uptrend phase with a bullish candle supported by an increasing volume along with an increase in the oscillator and MACD indicators
FCPO continue 6400 or Short Term Correction?FCPO set their biggest weekly gains in more than 9 months despite a sharp drop on Friday, as Russia’s attack on Ukraine stoked worries about global edible oil supply.
I believe who traded last week hopefully you were enjoy the roller coaster ride in the market.
For your information, Ukraine is a major key supplier of grains and oilseeds globally, any further threats to trade will shift demand for other vegetable oil such as SBO and CPO.
As we all knew that the unresolved Ukraine crisis may further erode the supply of vegetable oil, grains, crude and natural gas due to the grain flows disruption in Black Sea export region with all transportation avenue were disrupted by military operation.
Besides, India stopped buying sunflower oil following ports suspended operation on Russia’s invasion of Ukraine. India pivot to alternate oils could further support Malaysian palm oil and US soyoil.
On the other hand, surging in COVID cases also keep palm oil prices elevated for 1H2022 as shortage of labour and supplies.
Furthermore, worsening yields in Argentina and Brazil pushed importers to buy from alternative supplier.
Technical View:
Market uptrend remains with immediate support at 5825.
Stochastic K% line is crossing down at overbought zone in both weekly and daily chart which indicates reversal signal
We expect market may have short term retracement with immediate support level at 5625
Suggestion Trade:
Short if stay below 5885
Target Stop Loss (resistance level) 6023
Target Profit level (support level)
TP1 5747 TP2 5471
Long if stay above 6200
Target Stop Loss (support level) 6062
Target Profit level (resistance level)
TP1 6338 TP2 6614
** DISCLAIMER: FOR INFO ONLY. TRADING CARRIES RISK **