Thursday, July 10, 2014

Indonesia Election 2014- will the Stock market Be more Bullish after Election

Indonesia Election 2014- will the Stock market Be more Bullish after Election

One of my Friend ask How can she buy Indonesia stock. By buying an individual stock in a foreign country is difficult because we have very little understand how good is the company. One of a way is to buy an Index, if you just want to invest in the overall market sentiment.

The stock chart above is listed in NYSE - stock code IDX, Market Vectors Indonesia Index.
https://www.vaneck.com/library/market-vectors-etfs/idx-fact-sheet-pdf

From the chart pattern, we saw a breakout from a Cup and Handle pattern, this also tell us that investors are Buying up, Banker's money is (just) increasing.
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Thinking back, India and Malaysia market have a big rally after the Election. Is it time for Indonesia?

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