JKSE Update

A little bit calming down analysis that we can see from the Fibonacci & Elliot Wave Theory which is the correction almost ends which is projected in a weekly chart. As seen below:

In which a lot of arguments that I can make to say that our index will bounce up very soon:

1. Based on the Elliot Wave Theory which is in the Bullish Phase, there will be 5 waves take place, which are 1st thru 5th wave, which odds are up-wave & evens are down-wave which is projected based on Fibonacci Retracement & I found the well suited combination of the 1st & 3rd wave Fibonacci which is well suited until this moment
2. The correction in May happened & bounced at Fibonaci 38.2% which our index is now around that level
3. Based on the Elliot Down-wave counting , which down wave in the Bullish Phase is almost the same, so I projected using weekly chart & come out 3295.1 as the figure, even though this figure hasn't been achieved yet but almost.
4. By using Fibonacci Timezones, I see that there's a similarity in the beginning of wave 1, and the correction in May before our index started the rally again, which is well suited at this moment & seems on Monday or Tuesday will be a very good day for us to accumulate.

Rating: Buy On Weakness; TP: 5050-5090 (in a year)

Happy Investing^^

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