Title
by Americanbulls.com LLC
Last Update
04/12/2020
MBX
JAKARTA SE MAIN BOARD INDEX
Last Signal: SELL
Last Pattern: BEARISH MEETING LINE
Last Close:
1,607.6520
Change:
-6.1120
Percent change
-0.38%
Signal Update
Our system’s recommendation today is to SELL. The BEARISH MEETING LINE pattern finally received a confirmation because the values crossed below the confirmation level which was at 1,613.7640, and our valid average selling value stands now at 1,609.5060. The previous BUY signal was issued on 02/12/2020, 2 days ago, when the index value was 1,600.2220. Since then MBX has risen by +0.58%.
Market Outlook
The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. The bearish pattern that was previously identified is finally confirmed and a SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet. more...


Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
This pattern occurs during an uptrend. The first day’s white candlestick is followed by a black candlestick that opens sharply higher and closes at the same level as the prior session’s close. It is similar to the Dark Cloud Cover pattern. However, the amount the second day drops is different. The Dark Cloud Cover’s second day closes below the midpoint of the first day’s body, while the second day the Bearish Meeting Line closes the same as the first day. Consequently, the Dark Cloud Cover is a more significant top reversal. Nonetheless, the Bearish Meeting Line should also be respected. more...
Signal History
Date 
Price 
Signal 
 
IDR100⇨ 
04/12/20201,609.5060SELL 112.37
02/12/20201,600.2220BUY 112.28
30/11/20201,599.7480SELL 112.84
18/11/20201,539.8500BUY 109.16
12/11/20201,521.8915SELL 109.71
03/11/20201,424.0260BUY 103.17
15/10/20201,425.0710SELL 103.69
01/10/20201,355.1430BUY 99.10
16/09/20201,416.2150SELL 99.60
14/09/20201,413.0640BUY 99.88
04/09/20201,472.6690SELL 100.38
02/09/20201,484.6970BUY 101.71
31/08/20201,493.1160SELL 102.22
11/08/20201,437.2570BUY 98.89
07/08/20201,428.8720SELL 99.39
05/08/20201,412.8290BUY 98.77
03/08/20201,416.4865SELL 99.27
23/07/20201,426.2860BUY 100.46
20/07/20201,409.9210SELL 100.96
02/07/20201,375.1080BUY 98.96
22/06/20201,368.3990SELL 99.46
16/06/20201,362.1680BUY 99.50
† Trade commissions are taken as 0.50%.
Date 
Price 
Signal 
 
IDR100⇨ 
04/12/20201,609.5060SELL 121.49
02/12/20201,600.2220BUY 121.40
30/11/20201,599.7480SELL 122.01
18/11/20201,539.8500BUY 118.03
12/11/20201,521.8915SELL 118.62
03/11/20201,424.0260BUY 111.55
15/10/20201,425.0710SELL 112.11
01/10/20201,355.1430BUY 107.14
16/09/20201,416.2150SELL 107.68
14/09/20201,413.0640BUY 107.98
04/09/20201,472.6690SELL 108.52
02/09/20201,484.6970BUY 109.96
31/08/20201,493.1160SELL 110.51
11/08/20201,437.2570BUY 106.91
07/08/20201,428.8720SELL 107.45
05/08/20201,412.8290BUY 106.78
03/08/20201,416.4865SELL 107.32
23/07/20201,426.2860BUY 108.61
20/07/20201,409.9210SELL 109.16
02/07/20201,375.1080BUY 107.00
22/06/20201,368.3990SELL 107.54
16/06/20201,362.1680BUY 107.59
10/06/20201,392.9715SELL 108.13
26/05/20201,254.7800BUY 97.89
08/05/20201,261.4690SELL 98.38
23/04/20201,249.5210BUY 97.94
08/04/20201,297.6645SELL 98.43
26/03/20201,152.5535BUY 87.86
11/03/20201,451.6200SELL 88.30
04/03/20201,547.6580BUY 94.62
13/02/20201,655.6910SELL 95.10
07/02/20201,682.8370BUY 97.14
20/01/20201,756.6480SELL 97.63
13/01/20201,764.7640BUY 98.57
08/01/20201,742.9080SELL 99.07
17/12/20191,741.7180BUY 99.50
† Trade commissions are taken as 0.50%.
Date 
Price 
Signal 
 
IDR100⇨ 
04/12/20201,609.5060SELL 112.43
02/12/20201,600.2220BUY 112.34
30/11/20201,599.7480SELL 112.90
18/11/20201,539.8500BUY 109.22
12/11/20201,521.8915SELL 109.77
03/11/20201,424.0260BUY 103.23
15/10/20201,425.0710SELL 103.75
01/10/20201,355.1430BUY 99.15
16/09/20201,416.2150SELL 99.65
14/09/20201,413.0640BUY 99.93
04/09/20201,472.6690SELL 100.43
02/09/20201,484.6970BUY 101.76
31/08/20201,493.1160SELL 102.27
11/08/20201,437.2570BUY 98.94
07/08/20201,428.8720SELL 99.44
05/08/20201,412.8290BUY 98.82
03/08/20201,416.4865SELL 99.32
23/07/20201,426.2860BUY 100.51
20/07/20201,409.9210SELL 101.02
02/07/20201,375.1080BUY 99.02
22/06/20201,368.3990SELL 99.52
16/06/20201,362.1680BUY 99.56
10/06/20201,392.9715SELL 100.06
26/05/20201,254.7800BUY 90.59
08/05/20201,261.4690SELL 91.05
23/04/20201,249.5210BUY 90.64
08/04/20201,297.6645SELL 91.10
26/03/20201,152.5535BUY 81.32
11/03/20201,451.6200SELL 81.73
04/03/20201,547.6580BUY 87.57
13/02/20201,655.6910SELL 88.01
07/02/20201,682.8370BUY 89.90
20/01/20201,756.6480SELL 90.35
13/01/20201,764.7640BUY 91.22
08/01/20201,742.9080SELL 91.68
17/12/20191,741.7180BUY 92.08
10/12/20191,724.8510SELL 92.54
02/12/20191,679.5510BUY 90.56
28/11/20191,667.7370SELL 91.02
19/11/20191,710.2980BUY 93.81
31/10/20191,742.8150SELL 94.28
11/10/20191,676.8810BUY 91.17
13/09/20191,761.0180SELL 91.63
05/09/20191,752.3540BUY 91.64
03/09/20191,745.3010SELL 92.10
30/08/20191,761.2910BUY 93.41
02/08/20191,779.8050SELL 93.88
31/07/20191,798.4810BUY 95.34
23/07/20191,811.1180SELL 95.82
10/07/20191,812.3110BUY 96.36
08/07/20191,793.9080SELL 96.84
19/06/20191,781.4020BUY 96.65
13/06/20191,772.2890SELL 97.14
21/05/20191,665.0720BUY 91.72
13/05/20191,746.2220SELL 92.18
07/05/20191,776.7450BUY 94.26
02/05/20191,818.5045SELL 94.73
29/04/20191,815.1210BUY 95.03
25/04/20191,814.4960SELL 95.51
16/04/20191,826.6530BUY 96.63
08/04/20191,826.4400SELL 97.12
04/04/20191,836.1030BUY 98.12
01/04/20191,824.0220SELL 98.61
28/03/20191,832.3110BUY 99.56
25/03/20191,825.3680SELL 100.06
14/03/20191,804.1260BUY 99.39
28/02/20191,834.5410SELL 99.89
21/02/20191,842.3670BUY 100.82
12/02/20191,828.4030SELL 101.33
06/02/20191,840.1810BUY 102.50
29/01/20191,814.8810SELL 103.02
03/01/20191,744.0720BUY 99.50
† Trade commissions are taken as 0.50%.

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