Indonesia Index

Indonesia Index Nov 2016
Indonesia Index Nov 2016

Using our poems2 platform we are looking at the indonesia Index. It has come to our attention due to the Trump’s victory and his future policies.

The index is below the 200m and is below the psychological 6000 mark . We forsee more downside to 5500 levels in the coming weeks and will update again. Our stop loss would be 6150

The indonesia Index can be found under our CFD in the world index as Indonesia Index USD1 .

Yours

Humbly

BlackBerry- Potential change of fortune coming?

BlackBerry Jul 2016
BlackBerry Jul 2016

Blackberry, once the darling of the Techworld and Wall Street, has been in a long term downtrend for the past few years.

From the chart, we can see since 2013 , it attempted to break out of the downtrend line twice only to drop below into the downtrend line again. However, we also note that Blackberry has formed a series of higher low since 2013,  and it recently it broke out of the downtrend line again for the 3rd time since 2013. But Volume is not high for this recent breakout so it would be prudent to observe more to validate the breakout validity.

We shall observe its price action and if it pullback and stay above the downtrend line, it could be a encouraging sign, signalling  a potential change of trend in blackberry. If its rally can be sustainable,  the first resistance could be 8.26 follow by 8.71 .

Meanwhile we shall observe its  price action first and shall share again if there are any interesting entry setups for it .

Yours

Humbly

 

Dow Jones

Dow Jones July 2016
Dow Jones July 2016

DJ30 Industrial Avg Index Zoom In Chart

Dow Jones Index  is currently on the middle channel of the uptrend line (First chart)  , which could act as the resistance as it recently tried to break above this channel line but start to pullback again ( Second Chart ) ,  if price do not rally and stay above this uptrend line channel soon, it could signal  a correction  for the Dow Jones after the recent strong rally ,  with support at 18190 follow by 17124  ( in the event of a heavy pullback )

Yours

Humbly

Apple- Still Apple of Investors’ Eyes ?

Apple July 2016
Apple July 2016

Since July 2015,  Apple has been on a well define downtrend channel , touching the downtrend line upper channel resistance for the next 3 times,  but came down each time it rally to the downtrend line upper channel resistance ( in mid April 2016, it attempted to break above the downtrend line upper channel resistance but fail to stay above it and came down again ). If Apple continues to rise, the downtrend line upper channel may be where its next rally target level is and act as a resistance again around the price region of $102.59.

If it reach the downtrend line upper channel resistance and start to weaken again , it may signal price action weakness in the stock , and a short position may be initiated with a stop loss above $104 . It’s upcoming results will out on 26 July.

Will the stock continue to be the apple of investors’ eyes or start to show weakness soon ? Lets stay tune .

Yours Humbly.