JKSE Outlook After Holiday

As we know that our index recently becoming a leader as we are one of the most BULLISH index in the world. Even regional are bad, US are bad, but we are keep climbing at the time being. But, one thing that people never realize that our index is too high right now as we are keep breaking new high, but never being corrected. This might be the time of correction and we should be prepared for everything.

We can see that based on technical analysis, our index is breaking new high again but only a few people realized that JKSE is speaking right now & we are at the top right now which is very risky of facing a correction. What goes up will go down eventually & what goes down aren't always going up again. As long as our index is corrected at the right level, then we are still safe.

See the chart that history might repeat again and based on the chart that the history always repeats. And the state of JKSE is the same as what Mr. Keane Lee said, "HISTORY REPEAT AGAIN!". Our index has reached the Upper Linear Regression Line & last time it corrected at the same level as now. Yet, indicators are showing overbought, the risk line is showing very high and very risky for a long term trader to enter the market.

Here are some scenario that might happen for our index:

1. It goes up a bit first before it goes down

2. It goes down directly from the top

Target :

1. Small Correction : 3050-3075

2. Big Correction : 2745 - 2760

Happy Investing^^

Disclaimer ON!!!