JCI (IHSG) Support I use some Fibonacci measurements to look for JCI daily support. Support is at the level
5753-5731,
5701- 5685,
5623.
COMPOSITE trade ideas
JKSE - Jakarta Stock Exchange Composite IndexSpecial Gann Technique used to identify support and resistance lines. Fibonacci levels also present to see vertical price retracement levels.
JKSE45 2 bearish 1 bullish scenarioJust to update my previous post a few months ago.
Scenario 1: We have seen 5 waves already and are now in a wave B triangle with another 5 waves down to come. Target S1 for -17%
Support: The triangle is clearly corrective, within the triangle waves A and B have almost completed, with wave C to come. If this scenario is in play I would look to enter a short somewhere around the 0.618 fib retracement - or around there somewhere. If anyone knows of any Indonesian brokers that allow shorting please let me know in the comments.
Scenario 2: My labelling isn't correct and we have have an extended 3rd wave and this is a wave 4 triangle. Target for this scenario is marked by S2.
Support: If scenario 2 unfolds it shouldn't go above the red line (wave 1 price extreme).
Scenario 3: The price drop labelled waves 1 - 5 is actually a double zig-zag and we are about to head for the upper trend-line again.
Support: Not much really, but it could happen. The triangle correction tends to point towards one of the other two scenarios.
If anyone has info please DM me. Thanks, at the moment I am not trading the JKSE45. This is published for educational purposes only.
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.
JKSE : Jakarta Composite Index ready for long rally?As we've witnessed INDEX:JKSE has 3 low on the past 4 months, Index is trying to break its key for a long uptrend phase. If Index breaks, then it forms the Inverted Head and Shoulders pattern.
The first Shoulder is 5,700 before Index rebound to 6,150. The Head formation when Index fell to its lowest in 2018 at 5,557. A steady rebound bounced back to 6,100 and again facing a strong resistance in here. Now, after bounced back to the second Shoulder at 5,700 back in mid-August, is the Index ready to form Inverted Head and Shoulder IF able to break 6,100 for the second time?
We should pay attention to Blue Chips shares when this happened.
Down to test Important Support at 5,500JCI is continuing falling below 5,800 to test its important Support at 5,500.
What previously predicted to become Bullish Reversal has turned into Bearish Continuation which means the Downtrend is assumed to be ineffective. Downtrend could easily force JCI to touch 5,500.
Support at 5,500 is so important because as long as JCI doesn't break below that Support, the downtrend since 6,700 to 5,500 can still be considered a Throwback market (where JCI falls to 5,500 after broke above 5,500 in Mar'17 previously and rise to 6,800 in Feb'18). We can still hope JCI will maintain Uptrend to 7,000 after JCI touch Support at around 5,500.
For the next 1-2 months, i expect to see JCI in around 5,500 - 5,600.
Composite (IHSG) JKSE Berpeluang Builsh setelah koreksi Composite sedang terkoreksi dan berpeluang untuk rebound
JKT Composite - Alternate CountNo comment really, wave C has a tendency to extend slightly over wave A in this index - not as far as 1.618 but something like 1.2.
This would mean the 1:1 target is a safe one (if this alternate count is correct) for -14%. I want to keep an eye on this.
Do your own research. I don't have anything against Indonesia (actually it's a lovely place), I have just got side-tracked looking into the general stage of their market. I will have a look at other countries next.
Jakarta Composite Index end of correction? Hello all,
How curious that I now spend my free time looking at charts :) Since going down 18% from its 2018 peak there are signs of a recovery. Either we are somewhere in wave B of and ABC corrective rally or the correction is complete and the index has formed wave 1 and is forming wave 2 over the next couple of weeks. Caution, as wave 2 tends towards a deeper correction - so we may see something around the 0.5 fib retracement or more.
If it is an ABC, then this may be followed by another corrective sequence to make a double zig-zag (WXY) or a triple zig-zag or combination (WXYXZ), or by a new impulse move up.
If the wave down ends up forming a triangle then that reduces the probability that it a wave 2 and increases the chances that it is a B wave - as leading diagonals / wave 2 triangles are less common than in the B wave.
Happy trading - keep an eye on those stops. This is published solely for my own education and to make it easier to monitor the market at key turning points.
After Rising To 6,100, JCI Should Fall To 5,700JCI is still in Downtrend (which started from 6,800 in Feb'18) and the Downtrend might continue until JCI touch 5,700. There is a high probability JCI will rise temporary (as Technical Rebound) to 6,100 but i predict the rise is not strong enough for JCI to Breakout 6,100.
JCI is forming A-B-C-D Pattern and it suppose to hit 1.618% (D) which is around 5,700.
The Downtrend might end if JCI is able to Breakout above 6,100.
JKSE (IDX COMPOSITE) GOES DOWNComposite Goes down on timeframe 1D
we can see, market create eliot wave patten
and now market create revesal triagle (continuous patten)
IHSG Review - Ichimoku CloudThe blue box shows the period when Chiku span (green line) crossed down the price line and then tried to cross back two times (in the blue box & red box) but failed through. The first cross is bearish indicator and the failure of Chiku span to cross back up is even more bearish.
The price line tried to pierce the thin kumo line on late April but also failed, the kumo now is above the price line --> Bearish indicator.
IHSG Review - 27 Mar 2018IHSG hari ini terlihat masih tertekan, walaupun Index US naik cukup kencang semalam, namun tidak mampu memberi sentimen positif bagi IHSG.
Dari gambar dibawah, level support yg kuat ada di area 6000-6100, dan saat ini IHSG kembali mencoba naik tapi dari perkembangan terakhir selama 1 sesi ini terlihat tidak kuat.
Saya sarankan untuk kita sementara wait and see, dan melihat perkembangan selanjutnya.
Belum ada saham-saham yang cukup baik menurut saya utk bisa dibeli.
JKSE (a weekly outlook)Closing down during last week was still in normal uptrend retracement.
Likely today will pull up.
JKSE @ daily @ 2nd worst performer (of 57 indices) last weekThis is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
Performance in percent while different periods (57 Share Indices)
drive.google.com
Best regards :)
Aaron
IHSG roadmapIHSG big Pattern is Ascending Triangle, this is a Bullish pattern with upside outcome
Target is 5682 - 5812
Be aggressive on Construction and Mining Sector
The Jakarta Composite is OversoldAfter 5 consecutive trading days of positive result, RSI and MacD for the Jakarta Composite is finally in the oversold territory. Bollinger bands also agree that the price will fall for tomorrow and next week. Price fall maybe around 4852 to 4718 or slightly below the 5000 price line
More Downmove in JKSEHi Traders,
this is for the one who like to play stocks market in indonesia.
For now what i see from the chart, the price is about to make down move.
Good Luck and Trade Wisely
Buy JKSE with cautionit is possibly the last opportunity to buy in "SELL IN MAY AND GO AWAY" with target EMA21
Too early to assume anything This is just a snapshot - worthy of keeping a close tab in case it break loose as the RR is monstrous
