- A positive Dow Jones and regional bourses would send in the favorable support.
- The IDX moved relatively higher yesterday after taking deep pressure in the last several days. But so, still presences of foreign selling actions would have the chance to trim the gaining turn.
- Accordingly, we predict that the IDX would be in the positive side today.
Sell on strength
BMRI edged higher significantly on Wednesday but not followed by a high trading volume in which suggesting that any further positive movement maybe in a limited range.
SGRO ended the trading in a flat range with a doji formation and a position near its diagonal support in which expectedly could induce buying interest on these shares.
KLBF again moved lower followed by a decreasing volume yesterday. Nonetheless, KLBF’s position near the lower band of an uptrend channel would potentially dampen this current downswing.
LPKR continued the weak movement with a presence of a doji formation on Wednesday so that could possibly create a rebound opportunity in the next session.
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