Gap in 5947-5991 area will be closed, reverse date on May 9 - May 11 (new moon phase). EMA 21 will be an ideal dynamic support to form a price rebound. Target Price: 6150-6200 DISCLAIMER ON!
Indonesia market index is looking back for its bullish momentum. Daily Chart Last candle -> Gap up. Close above EMA200. RSI >50. Swing up indicator confirm. #NotFinancialAdvice
From the given chart, it can be seen that DJI still in UPTREND, while HSI seems that it has just broken above its sideway period, and JKSE is coming to a nearby resistance at around 5969-5977(ema 100 and ema 50 respectively). NB: DO MIND that These analyses I posted here are intended as my notes and not as investment recommendations or as financial advice! Please...
It would be nice if the price moving according to 38-23-61 retracement since the GAP will be filled first by then before continue its UP trend move. the second retracement pattern is nice too between 50-38-61 or 50-23-61. however, if it's the third pattern which means that the price broke below FIB 23%, this could be a warning for us. NB: DO MIND that These...
this is what I think is happening. This bull market is FAR from over......which tells me that crypto too is FAR from a peak! the two markets have not decoupled yet. So as indexes keep going up so will crypto (and possibly gold/silver also due to money printing and inflation scares)
I'm new to technical analysis so please i'm just publish this not as a plan for long but only for my history record.
Index has pulled back from MA200 and support area in green box. If it can be maintained above 5890, it will be a good indication for market to strike back in short term, at least.
From the charts, it can be seen that while DJI is looking strong bullish (trend has not been broken yet) and HSI might be in a sideways position, the chart for JKSE is a bit lagging behind these two indexes and even falls below its EMA200. Of course, as a trader, this might be a bit worrying. what we want to see is for our composite to follow global indexes such...
since the JKSE index has broken below MAs (50,100,and 150 from the last IDEA) and the only one left is MA200, and combined by the fact that the RSI also has broken below its previous support, I think our next move should be waiting for a regular bullish divergence (the price getting lower while the RSI getting higher). NB: DO MIND that These analyses I posted...
From the given charts, by using three moving averages ( red-50 EMA, yellow-100 EMA, and green-150 EMA), we can see that DJI price stays above all of MAs while the JKSE and HSI price look struggled and stays between their 50 to 150 MAs. these might explain why both HSI and JKSE price look like they are not moving anywhere since they move sideways between 50 to 150...
Di timeframe hours terlihat pola falling wedges, wait n see sampe terpantul dan tebus garis atas.
last 2 weeks selling pressure still dominant in IDX, market consolidating in 5900-6100 range. Waiting for significant sentiment for the market to move.