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This is not a counter for the fundamental investor. Over the past 12 years, there was only one year where it achieved a positive ROE. Any goreng is for the speculators.
All technical investors will have their own stories about why prices behave. They will have a going up story today if prices are going up but if prices trend downwards the next day, there will the the going down stories. I must admit I don't know how to invest on such a basis
If you are trading, you are basically focusing on what the crowd does the next few days. If you are so good at reading the crowd you are better off being a politician.