IHSG + INDICATOR RSI BOTH FORM A SYMMETRICAL TRIANGLE: A PATTERN WITH 2 SIDES BREAKOUT. WATCH CAREFULLY IF RSI BREAKDOWN LEVEL 48, IHSG COULD GO INTO A DEEPER CORRECTION TOGETHER WITH RSI DOWN BELOW 30.
IHSG RESIST @ 3083
1ST SUPPORT @ 3025
2ND SUPPORT @ 2960
AREA SPECULATION BUY @ SUPPORTS: 2700 - 2838 (YEAR 2008 ALL TIME HIGH RESIST BECOMES BULL SUPPORT NOW).
OTHER INDICATORS TO WATCH:
*MACD OVERBOUGHT & STILL POINTING DOWN.
*STOCHASTIC DAILY FAST & SLOW BOTH AT CENTRELEVEL 50 (STILL POINTING DOWN). STOCHASTIC WEEKLY BOTH OVERBOUGHT.
*MONEY DETECTOR STILL POINTING DOWN @ LEVEL 37.
*IHSG CLOSE BETWEEN MOVING AVARAGE (MA) 5 & 20.
*VOLUME IS DECREASING SINCE 23 JULY 2010.
