IHSG BREAK OUT AND BULLISH

IHSG (Indonesia Stock Exchange) in BULLISH TREND, why :

1.Candlesticks already broke strong resistance at 2674 point.

2.Candlestick move up at THE TOP BOLLINGER BAND.

3.MACD still show UP.

4.Momentum line go up slowly.

5.IHSG has good relative strength index. It line move above 50% and still go UP.

ALL INDICATORS show BULLISH TREND

When you see at the picture the differences between resistance (2674 point) and support (2470 point) is 204 point. So the IHSG next target is resistance (2674 point) line plus 204 point equal to 2878 point, THAT’S THE NEW TARGET.

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