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IDX Composite Index

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IHSG bull trend is almost end!I try to analize using Elliot Wave perspective, and it seems like the bull trend is almost over.. YES, it could be reach to the psychological level of 7000 or maybe more 7200-7300, but for now the risk is greater than the reward.. The correction to 5000 ish level or lower can happen anytime.. We are in the end of wave 5 of 5.. And if we take a look into the fundamental event, it almost match perfectly, The Fed is going to increase the rate soon... So.. Please tighten your seat belt
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by steveivan
IHSG can test 6000It seems IHSG is riding on a channel for the last 17 years+, whenever it reached a new high in Fib Channel it went down to test the channel bottom, or in 2 extreme cases exited the channel, (we can consider them black swan events). Now our current situation the Global sentiments are negative are driven by the Fed interest rate hike, Russia conflict, and China's supply chain challenges. So In the short term, there is a possibility to test 6060 (which would be a drop close to 10% from the recent high). But the good news is that Smart money is moving from US stocks to safer assets or value investments like Gold, Bonds, and Emerging economies like Indonesia, Money is moving away from US Growth and Tech stocks or crypto, So there is less chance Indonesia would face significant correction. So the bottom line is yes IHSG in short term can drop due to global sentiments or unpredictable Black swan events. but in the mid to long term it will only go higher. it should touch 8000 by mid-2023. Anyway.. this is a personal POV , everyone should do their own analysis. and responsible for their decision.
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by Indovestor
One more up swing, bullish scenario on IDXOne more up swing in the current primary cycle. The green scenario is ABCDE or correction pattern, that tends to be shallow but takes longer time to complete. On the other hand the red scenario is ABC or WXY correction pattern, these patterns tend to be sharp but shorter than triangle pattern. Invalidation point of this bullish analysis if IDX < 6134.8818. The fifth wave tends to be slow upward price movement. As we are reaching the end of the primary cycle, it is good to acknowledge that a major correction might be happening in not so distant future. The fifth wave is good for trader in the next couple of months, but I don't think it is good for mid and long term investment because essentially at this point you are buying at the top. We might be seeing stocks that haven't been moving in this primary cycle of IDX suddenly moving up while IDX is facing a local downtrend for example see Previously I have posted my view on macro analysis, the bearish scenario that we don't want to see. My main bias is we are currently in an impulse primary cycle, but it is good to put the bearish perspective in the back of our minds so we can see the chart in a more objective way. If we are currently in corrective pattern these scenarios might be taking place in the future DISCLAIMER ON This analysis is not financial advice. Please note that you are responsible for your own investments. This chart only represents my opinion and view about the stock market in general and may be used only for educational purposes.
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by UnknownUnicorn15813494
IHSG / IDX Correction prediction !So after breaking new ATH recently, IDX currently has formed Rising wedge which means it gonna dip for a while. The nearest support is 6500 area, if it bounce from here we can be sure that IDX will reach new ATH on January 2022 during Window Dressing, Santa Claus rally, and January Effect. But it can broke down to 6375 level or even 6150 level. As long as 50 EMA still above 200 EMA we will gonna be bullish for a moment. Stay safe, Invest wisely! be cautious. If you like this please drop a like and give it a follow ! Feel free to post your opinion on the comment section! Stay strong Indonesian Brother!
IDX:COMPOSITE
by rizalharmadi
IDX COMPOSITE FORECAST FOR NEXT 8 MONTH (NORMAL CORRECTION!!)Overall, IDX COMPOSITE managed to break through its all time high, but if you look at the weekly line chart (my WEEKLY ANALYSIS in different post), it's time to retest the support area with the farthest target at 6258 in mid-January, supported by weekly bearish divergence, so index correction is still normal. let's go into more detail on the 4Hours timeframe. From October 15 to November 8, a broadening pattern was formed, and has managed to reach the target at 6,750. Until November 25th, a confirmed rising wedge pattern was formed with a target of a decline to 6,448 (fractal with a demand area). The possibility of a reversal of the index (rebound) around December 6 and retests the resistance again (6.550) However, on the other hand, if it is in accordance with the above scenario, a potential double top pattern is also formed (confirm if index cannot break resistance around 6.550), with a further decline to 6.258 (fractal with second demand area) In simple terms, the above can be referred to as the A-B-C correction wave which will last until mid-late January, and once again its still a normal correction, not even a crash. Disclaimer On.
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by aminsyakur666
1
Bearish scenario, an IDX analysis we don't want to see IDX looks good on daily timeframe but the probability of a fake break out on monthly timeframe is so quiet concerning. In order to stay bullish on IDX, the last point of support should not be broken down. The bearish scenario invalidation if a monthly close above 6755 and break out of pink resistance. The Yellow line is conservative bearish outlook and the Red line is aggressive bearish scenario. Check on previous bullish analysis on 22/03/2021 DISCLAIMER ON This analysis is not financial advice. Please note that you are responsible for your own investments. This chart only represents my opinion and view about the stock market in general and may be used only for educational purposes.
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by UnknownUnicorn15813494
Rising Wedge Pattern on IHSGDisclaimer on, This is a personal opinion, I am not responsible on your trading results. Trade with your own risk. After successfully reaching its All Time High (6754.5) on 22 Nov 2021, JCI (Jakarta Composite Index) / a.k.a. IDX:COMPOSITE appears to be forming a rising wedge pattern accompanied by bearish divergence on the stochastic indicator. This condition needs to be watched out for considering that the rising wedge pattern is a bearish pattern. Confirmation of the occurrence of this pattern is if the price is able to break out and close the lower trend line which is around the level of 6665.7 which coincides with the support line. The target for the decline is at the level of 6481-6458.
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by riandwip686
What about JKSE??above all MA 5,10,20,50,200 (daily,weekly,Monthly) NEW ATH this week RSI>50 STOCH K<D... MACD < SIGNAL... REGULAR BEARISH DIVERGENCE... Ascending triangle??? ATH, MA, RSI really makes it real good, but Divergence give me a bad signal. the divergence has not been confirmed yet since the price has not go down below/touching FIB 23%. TO summarize, Need to be careful about my trade at this time... NB: DO MIND that These analyses I posted here are intended as my notes and not as investment recommendations or as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view. LETS CUANN!!!
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by Talismanxx
Dangerous JKSERegular bearish Divergence give me a bad signal about IHSG. to know that the divergence is valid is by using retracement. If the price go below 23% FIB then the divergence is valid and the price might go lower to FIB 36 or 61 or even lower. NB: DO MIND that These analyses I posted here are intended as my notes and not as investment recommendations or as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view. LETS CUANN!!!
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by Talismanxx