COMPOSITE trade ideas
IDX Composite Index - April 2021Currently the IDX is sill in the wave 4 which gives opportunity for traders and investors to collect their favourite stocks.
Of course we should anticipate if this plan fails, therefore I would like to suggest to purchase the stocks by applying strict money management rules.
[Weekly] IHSG Bullish pennantKalau kita lihat chart IHSG pada timeframe weekly ternyata sedang mengalami koreksi dan membentuk Bullish Pennant. Secara teknikal tentu saja kondisi ini pertanda baik karena IHSG turun untuk naik lebih tinggi. Target kenaikan IHSG adalah 7549.
JKSEWait and see, therese possibility to fill down the gap first so it can move/rally bullish trend again
IDX Composite BearishIndonesian stock market looking bearish overall. Not looking for buy/long setups. Waiting to see how it will test the ~6,000 level
IDX COMPOSITE : A retrace before another rally seasonCurrently IHSG is facing a correction phase after a massive rally since the novel COVID-19 market shocks. Based on fibonacci retracement, the B wave target correction is around 5917 - 6029. After the B wave correction, we might be facing another sideways market with ABCDE corrective pattern. If IHSG breaks the minor trend line (red dashed line), we can start preparing for the 5th wave of this market cycle with target area around 6980 - 7023. Please note the 5th impulsive wave assumption might be invalid if the current corrective phase breakthrough the 1st wave area.
Hope you are all healthy,
RK
DISCLAIMER ON
These analyses are not an investment recommendation or a financial advice. Please note that you are responsible for your own investments when trading on the stock exchange. This chart only represent my opinion and view about IDX market in general and maybe used only for educational purposes.
JKSENB: DO MIND that These analyses I posted here are intended as my notes and not as investment recommendations or as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view. LETS CUANN!!!
Jakarta Composite Index (IHSG)- Shall the Downtrend Continues?Hi,
Jakarta Composite Index (IHSG) has been on the downtrend for the last one month. If we look at the chart, we can find a double top which the support has been breached and become a resistance.
The Index has just tested the resistance and pull back which can signal a possible downtrend. The key points for a further down will be :
1. Covid 19 Vaccination has started in Indonesia. However, there are areas in the country refusing to receive the doses;
2. Indonesian companies are subjected to release their 2020 full year audited financial report which is assumed not to be in a good performance;
3. Bank Indonesia is going to announce the interest rate.
Remember, The trendline might be breached. As long as it is not, I am going to stay liquid.
Happy Investing!
IDX COMPOSITE Head and Shoulders PatternPossible head and shoulders pattern forming on IHSG 1D chart. Neckline might be a bit lower than indicated. MACD falling below the signal line might also indicate sell signal. If pattern is confirmed price might break down to lower support levels.
IDX or IHSG IDEA, FEBRUARY 2021After tapped daily supply at around 6500, it should retrace as this denotes healthy for IDX to have upward movement
This may be how this will play out in my opinion
Retracement to the range of 5717 - 5750 is expected before upward movement. Several data to support the confluences:
- It represents the level of 1H previous supply that has been broken and now act as "S/R flip"
- Green box denotes breaker on 4 HR timeframe
- Concurrent with EMA100 on daily timeframe + EMA200 on 4 HR Timeframe
- Also, on weekly timeframe, we could see EMA20 around that zone
Conclusion : 5717-5750 on first week of february
The next move has been plotted on the chart based on my opinion
Disc on
JKSEmy worry about IHSG
NB: DO MIND that These analyses I posted here are intended as my notes and not as investment recommendations or as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view. LETS CUANN!!!
JKSE QUASIMODO CHART PATTERN by HarmonicGanTengKur AnalysisSell Position at 6197.96
TP1 : 5853.26
TP2 : 5735.47
IDX Composite - Take A Breath & Get Back to Running Track SoonHello traders & investors... how are you?
I hope all of you are healthy & prosperous.
Today, I try to capture the movement of IDX Composite for the next 6 months, 'till August 2021.
IDX Composite will tend to move sideways until June 2021 because the FY'20 earnings result might release "as expected", and Indonesia soon will entering the fasting month (mid of April'21), that may reduce daily transaction and drive IDX Composite slightly lower. Thereafter, start in Q3 2021 it will back to move in up trend in the moment of dividend seasons & Q2 2021 GDP release.
Gong Xi Fa Cai!
-AJ-
