IHSG has rallied since the opening of 2010, and now is still in bullish position where as today it created a Bullish Engulfing Pattern which is a bullish pattern that keep IHSG in bullish position.
Although, the Bollinger Bands is expanding which indicate the price range expansion, which is expanded upward to 2710 points. While the MACD line is bending upward & stopped to make a dead cross, even though the MACD Histogram is still in bear, yet it haven't broken the mid-line of 0.
While in the other hand, the RSI & Stochastic has reached overbought area, which is considered to be a warning for us. Remember that these two indicators are quite accurate.
Be careful for this time as corrective waves might happen soon.
Rating: Sell On Strength
Happy Investing^^
Disclaimer ON!!!
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