JKSE Chart Pattern

Wah.... JKSE is getting worst recently, have no idea of what is going on right now, even though the regional & US's markets are keep growing, but our JKSE is slowing down. The Century's case is now getting blur, and seems have almost no effect to the stock market, while in US the Tight Money Policy won't affect the stocks market as Ben Bernanke's said.

But, technical analysis showed that the JKSE chart is showing a pattern which is likely to form a Head & Shoulder pattern, even it hasn't been really confirmed by the decrement to the neckline.

While, in the other hand, the optimism is increased because of the last candle which is a Hammer, which usually after a Hammer candle, the next day usually creating an increment. But, remember that not the CHART create the PRICE, but the FUNDAMENTAL & NEWS that create the PRICE.

Here's the theoretical price of IHSG if the Head & Shoulder (HnS) pattern created:

X: 264.46

2424.51 - X = 2160.05

Not frightening, but just get ready to take action if it does really happen.

A good trader & investor, know when to TAKE PROFIT & know when to STOP LOSS...^^

Happy Investing^^

Disclaimer ON!!!