Ticker 1

Ticker 2

Click "Like" to Receive First Hand Updates From The Analysis Site / Click "SHARE" to share

Sunday, 26 January 2014

Indonesia Jakarta Stock Exchange Composite Index: 26 January 2014, Sunday, 2.45pm Singapore Time

Indonesia Jakarta Stock Exchange Composite Index: 
26 January 2014, Sunday, 2.45pm Singapore Time
Chart courtesy of Chartnexus.com

Attached above is the Jakarta Stock Exchange Composite Index (JSX/JCI)

+ Indonesia Stocks Market has a bearish structure just like the Philippines PSEi.
+ Distribution took place as highlighted above.
+ There was also a blocking volume on backtest of support-turned-resistance above 
(confluence of triple resistances)
+ Very bearish
+ The confluence of triple resistances was also the price satisfaction point.
+ The YELLOW CIRCLE was where stock prices in Indonesia were allowed to over-run beyond the RED price satisfaction point to facilitate distribution.
+ At best, Indonesia will use 2014 to consolidate; at worst, it will have a major selling in 2014 to hit the bottom of the down-channel as highlighted in the chart above. This would represent major bearishness.
+ Emerging Markets are expected to sell off with force as per warned to get out in Nov-Dec of 2013
+ Also warned that 2014 will be welcomed with huge sell-downs

+ The entire bearish structure will be negated if the upper limit of the ORANGE ZONE at  4791.765 points and 4743.094 points are both taken out upwards to resume a bull. Otherwise, Indonesia should continue to be regarded as bearish-looking/bearish-bias for sell on rebounds.

Emerging Markets:

Click "Share" on the Facebook icon at the bottom of this thread if you like it, or 
if you would like to start a discussion about it with friends on your Facebook Wall.


  1. Thanks for your sharing. Any opinion on Shanghai Composite Index?

  2. palm oil price still correction?

  3. thank you for your sharing.may i know palm oil price and golden agri still continue correction?