IDX Composite: Bullish in medium term- long termIDX is currently entering wave 2 (correction wave) with a target decline in the range of 6600-6800 (supply zone).
In my opinion, this decline is part of the move towards wave 3 (bullish wave) in the medium term.
Investment strategy:
Gradual collection of bluechip stocks in the banking sector, commod
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IHSG / COMPOSITE (IDX) DAILY CHART DOUBLE TOP DETECTEDIHSG going to close the gap at 65xx.. (first gap).
the worst case IHSG will close the 2nd gap (61xx) << Mostly happened.
after that we hope IHSG will start to Bullish once more.
so just wait n see for now. After IHSG closing all the gap, we can start buying all the bluchip stock like banking sector
IHSG 36000IHSG will go to 36000
Currently, the prediction for the Jakarta Composite Index (JCI) is still far from 36,000. Based on the latest analysis, the JCI is estimated to move in the range of 6,800 to 7,150 in the short term. Positive sentiment from the trade deal between the United States and China has
COMPOSITE Is About To End The DowntrendIDX:COMPOSITE
As the picture says, currently COMPOSITE aka IHSG is forming broadening wedge pattern. This pattern indicates bullish potential, but hasn't been confirmed since the current level is still below 6500.
Most stocks will start going up after the confirmation of this pattern, so use this
$IDX:COMPOSITE
This scenario was created due to the effects of the trade war and when the tariff was announced, the IDX Indonesia stock market was on a long holiday.
I predict that IHSG could GAP DOWN when it open on 8th April here some of my view :
Black line scenario 1 Correction 6265 5% Close Gap & Trading Ha
Big Bearish IHSGMy POV to IHSG
Big Elliot Wave 5 is finished & almost finished making a big Correction to point A.
Will continue to make LH to point B & if confirmed point B is continued there is a rejection at resistance, meaning it is mandatory to sell all stocks in any position (profit / loss).
Focus on savin
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Displays a symbol's price movements over previous years to identify recurring trends.
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