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Wednesday, 30 November 2011

JKSE Upside Potential

After being in consolidation range, short term trading is quite wise for this time, but remember there's one scenario that can lift JKSE back to its bull track if and only if the whole market moves like the scenario seen in the picture the Cup n Handle pattern, JKSE bounced from the Fibo retracement 38.2% after being pushed hard from 3875 level. The next resistance is ahead 3720 and 3875, if by the end of this year the news are good synergically with the fundamental of Indonesia, hopefully the market can break 3875 and continue to the all time high level...

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