Hello Guys,
this is my technical analysis toward JKSE Index. based on the 200 & 100-closed MA (yellow line for 100 - green line for 200), this index is showing super bullish trends.
i am counting it on elliot waves in 1-W timeframe, resulted an 1-2-3-4 waves was forming well, and now it's forming the 5th waves
which will be end up around 7000-7700 resistence...
After breakout from consolidation JCI on bullish trend right now. Soon we will see correction and there is also rumor JCI become 7000 before president election day on April
Just to update my previous post a few months ago.
Scenario 1: We have seen 5 waves already and are now in a wave B triangle with another 5 waves down to come. Target S1 for -17%
Support: The triangle is clearly corrective, within the triangle waves A and B have almost completed, with wave C to come. If this scenario is in play I would look to enter a short...
Ok, so IDR just passed psychological level of 15k, it happened right the next day after I posted my analysis where you can see it here .
Low inflation create worries in the market because analysts are speculating that there might be a lower demand in the market. The September data shows a deflation of 0.18% MoM which driven from a lower food prices - broiler...
As we've witnessed INDEX:JKSE has 3 low on the past 4 months, Index is trying to break its key for a long uptrend phase. If Index breaks, then it forms the Inverted Head and Shoulders pattern.
The first Shoulder is 5,700 before Index rebound to 6,150. The Head formation when Index fell to its lowest in 2018 at 5,557. A steady rebound bounced back to 6,100 and...
JCI is continuing falling below 5,800 to test its important Support at 5,500.
What previously predicted to become Bullish Reversal has turned into Bearish Continuation which means the Downtrend is assumed to be ineffective. Downtrend could easily force JCI to touch 5,500.
Support at 5,500 is so important because as long as JCI doesn't break below that Support,...
No comment really, wave C has a tendency to extend slightly over wave A in this index - not as far as 1.618 but something like 1.2.
This would mean the 1:1 target is a safe one (if this alternate count is correct) for -14%. I want to keep an eye on this.
Do your own research. I don't have anything against Indonesia (actually it's a lovely place), I have just...
Hello all,
How curious that I now spend my free time looking at charts :) Since going down 18% from its 2018 peak there are signs of a recovery. Either we are somewhere in wave B of and ABC corrective rally or the correction is complete and the index has formed wave 1 and is forming wave 2 over the next couple of weeks. Caution, as wave 2 tends towards a deeper...
JCI is still in Downtrend (which started from 6,800 in Feb'18) and the Downtrend might continue until JCI touch 5,700. There is a high probability JCI will rise temporary (as Technical Rebound) to 6,100 but i predict the rise is not strong enough for JCI to Breakout 6,100.
JCI is forming A-B-C-D Pattern and it suppose to hit 1.618% (D) which is around 5,700.
The...
The blue box shows the period when Chiku span (green line) crossed down the price line and then tried to cross back two times (in the blue box & red box) but failed through. The first cross is bearish indicator and the failure of Chiku span to cross back up is even more bearish.
The price line tried to pierce the thin kumo line on late April but also failed, the...
IHSG hari ini terlihat masih tertekan, walaupun Index US naik cukup kencang semalam, namun tidak mampu memberi sentimen positif bagi IHSG.
Dari gambar dibawah, level support yg kuat ada di area 6000-6100, dan saat ini IHSG kembali mencoba naik tapi dari perkembangan terakhir selama 1 sesi ini terlihat tidak kuat.
Saya sarankan untuk kita sementara wait and see,...
