My view for Composite (IHSG)Based on wave counting, the extended "B" has been formed and now the big "C" correction is on its way.
I believe in some coming weeks we will have a huge correction..
#BEARISH
IHSG has potential to retest previous highIHSG has potential to complete inverse cup and handle with target near previous high.
With less than a month left for 2023, IHSG will probably on track to reach its previous high before year end, finger crossed.
IDX Composite - Jan 2024From Nov 23 - Composite has gone up for around 10% until the current date.
Some news says " there is a pull back as rate cut rally dissipates"
for IDX, we must see using the Indonesia's rate policy, which now is in a good stand, inflation is under control, most of big companies performance for th
New Direction of JCI and Indo Bond 10YrComparison between composite and Indo bond 10yr.
JCI is predicted to rise while Indo Bond is predicted to fall.
COMPOSITE JCI - POTENTIAL DROPCOMPOSITE - has a potential drop to 6892, reason is because there's a resistance zone above, and a potential time resistance.
COMPOSITE will stop dropping until the 29th November (Wed). And could potentially rebound after.
COMPOSITE - POTENTIAL PRIMARY MOVEMENT TO 6962COMPOSITE - POTENTIAL PRIMARY MOVEMENT TO 6962. The JCI recently has broke it's inverted head and shoulders pattern. The target price is likely at 6962 (Fib Cluster Zone), and it will be a one swing movement until 16 Nov 2023.
JCI, IHSG - Potential Time Peak & BottomJCI will most likely hit it's peak at
a target price 6887.82 today (7th Nov 2023).
And could potentially make a bottom
(reversal) on (13th Nov 2023)
IHSG Ready for Bearish MovementIHSG ready for bearish movement when support trendline is breakout
if breakout ready to retest 6.5k level and 5.7k level
JCI COMPOSITE - BOTTOM DATE & PRICEJCI (Index Harga Saham Gabungan) has crashed and gone down -1,7% in one day.
Here's my analysis of the turning point dates and the price bottom dates.
IMPORTANT DATE:
- 26 October 2023
- 2nd November 2023
IHSG will retest to the next resistantIDX:COMPOSITE
I guess the next couple of weeks will be boring sideways again.
See all ideas
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