COMPOSITE trade ideas
IHSG Bullish Trend. + Window Dressing & Santa Claus Rally = 6K ?3 Bullish candlestick pattern (in full RSI above 70 consolidations) without any Bearish candlestick pattern.
The Indonesia Economy as a developing country got so many trusts from foreign investors.
Rupiah maintains its strength throughout the week.
Can't wait to see our IHSG movement in December.
Remember to always trade at our own risk.
Use good money management and practice our trading psychology.
*Disclaimer On
COMPOSITEBeware uda dekat resist.
Pullback ke area gap today is a healthy correction trend sebelum lanjut rally ke area 6000
Happy trading and good luck ^^
JKSE Potential correction!!!written in the chart.
Long term: Bullish
Short term : potential correction
IHSG Elliott Wave updateMasih koreksi normal ke sekitar level 5350-5420 dulu sebelum kembali menguat lagi..
JKSE I expect that the JKSE will do some correction in order to recharge the power in order to go up. we can see that the RSI as well as Stochastic are already in OVERBOUGHT area.
IDX Composite Daily Chart OverviewPrediction :
The upper gap is going to be closed at the early market opening.
A short note : a lower gap was created today.
Ideas :
Placing a new position at the market preopening might be a good idea.
Cheers,
IDX scenarioPekan depan akan menjadi pekan penentuan untuk IHSG, apakah akan melanjutkan bullish karena sudah berada di awal wave 3 ataukah akan terkoreksi lagi menuju level 4600-4700 untuk membentuk flat correction pada wave 2..
Daniel Agustinus, CEWA-M
IHSG start marathon with sir bullishEMA10 cross up SMA200.
The US soon to finish their election period.
Bluechip investor could jump in and hold long term.
*disclaimerON
Forecast Pergerakan IHSG Ke DepanIHSG saat ini bergerak dalam pola channeling. However, market tetap konsisten membentuk pola bullish wave. Dan berpotensi melanjutkan gerakannya ke atas seperti di chart
JKSE Projection for End of Year 2020 : Crash to 4450-4550 ?MA200 Point of View:
On 15 October 2020, failed to breakout MA200 (5191) with a high at 5182. The last time JCI failed to test MA200 resistance on August 28, in the following days it crashed to the level of 4754 (down 628 points, -11%). If the same pattern is repeated (orange line), the target of the decline this time is to the level of 4550.
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Potential of Double Top Pattern View:
The JCI pattern on September 11 - October 15 forms a potential Double Top (Bearish), with confirmation of IF falling below the neckline support at 4820. If the 4820 breaks, JCI has the potential to fall to the 4450 area (according to the projection of the decline in the double top pattern)
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Fibonacci Retracement & Supply and Demand Point of View:
Since the lowest swing low on March 24 at the level of 3911 to the swing high on August 28 (rejection MA200), the JCI has managed to be strong bullish with an increase of 1471 points (37.6%) to the level of 5382.
If we draw Fibonacci Retracement, JCI when it crashed on August 28 rebounded from Fibonacci 38.2 to the level of the 4800s. With analysis points from MA200 and the potential for a double top, JCI has the opportunity to fall to 4450-4550, to the Fibonacci area of 61.8 around 4472 (strong support for the supply and demand area at the end of March - early May).
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With a bullish reversal target in the 4450-4550 area, JCI has the opportunity to rebound to the 5000-5400 area at the end of the year.
IDX Composite IndexCapital Investment in Indonesia has a special attractiveness for investors all over the world. As a developing country, making investment for this country could give high gain. In order to monitorize investment progress in Indonesia, we need this chart to see.
IDX:COMPOSITE
Potensi Kelanjutan Bear MarketIHSG berpeluang melanjutkan Bear Market pasca gagal membentuk harga tertinggi baru (new high) dan melanjutkan downtrend yang dibentuknya.
Sekilas, pergerakan IHSG sejauh ini mirip pergerakan diawal Market Crash 2008, hanya saja timeframe 2020 lebih panjang. Diawal kejatuhan pasar pada 2008, terlihat adanya Fake V Shape Recovery pada periode Januari - Maret 2008. Hal yang sama terjadi pada periode Januari - September 2020, walaupun per 29 Septermber 2020 ini masih ada peluang untuk breakout downtrend line nya.
Pergerakan IHSG pun berpeluang mengulangi kejadian yang sama apabila IHSG tidak bergerak menembus downtrend line (garis merah) dan membentuk new high.
Saat ini, peluang terbesar adalah IHSG melanjutkan pelemahan ke level terendah 2020 di Rp 3911. Support ini akan menjadi support penting dalam pergerakan IHSG selanjutnya. Jika support ini breakdown, maka peluang berikutnya adalah IHSG akan jatuh ke level tertinggi 2008 lalu di Rp 2838. Pergerakan ke level ini akan menjadi WORST CASE SCENARIO untuk IHSG.
Kedepannya, jika IHSG bertahan diatas level Rp 3911, maka ada peluang untuk terjadi market recovery dan memasuki fase pasar baru. Bisa jadi sideways dulu atau langsung masuk fase Bull Market.
