After announcement of the new tariff from US, Trump sets 64% for Indonesia. Seems like blessing in disguise and IDR has no reaction toward this new tariff and weakening candle by candle; Shadowing the ATH on May 1998 which less than around 200-300 pts.
IHSG is continuing its strong bearish movement. Yet, indication for reversal is far beyond. Considering this condition, "do nothing" is the best strategy until the Whale Investor accumulate.
NCKL (IDX Composite)
Projection of the NCKL with 2 turning point
1. 740 (Market Structure Shift) from Bearish to Bullish
2. 855 (Market Structure Shift) from Bearish to Bullish
Following the simple pattern of Elliott's wave, seems the USD/JPY reached its peak as indicated on point B, Arguably, point C is going downward. Everything is possible account for the fiscal policy, inflation rate, policy of central bank, etc.
Disc On
- Closing price as per Sept 15th, 2023 UNTR Rp 28.425 (+3.74%) with a full body candle and prevail above EMA 200. At the same above 61.8% (Rp 27900) Fibonacci level.
- There is still a GAP after Dividend cum date last April 2023.
- Pay attention whether there is a correction on Monday September 18th, 2023, could be a good deal to open position for swing and wait...
