Negative Market.
| S2 | S1 | IDX | R1 | R2 |
| 4,850 | 4,882 | 4,910.6 | 4,923 | 4,953 |
- Relatively up Dow Jones and the regional bourses would send in the support before the release of June’s inflation data.
- The IDX managed a rebound supported by foreign buying actions yesterday in which expectedly could create a positive opportunity.
- So, we predict that the IDX would be in the positive side today.
Daily Research:
| BBCA |
Sell on strength |
|||
| S2 | S1 | Level | R1 | R2 |
| 12,500 | 13,000 | 13,500 | 14,000 | 14,500 |
BBCA moved in a flat range after fail to break its diagonal resistance again in which therefore creating a correction potential.
| INDF |
Buy |
|||
| S2 | S1 | Level | R1 | R2 |
| 6,000 | 6,300 | 6,575 | 6,850 | 7,000 |
INDF ended the trading positively after talking pressure in the last several days. In addition, a formation of a bullish engulfing would still give a favorable sign.
| JSMR |
Speculative buy |
|||
| S2 | S1 | Level | R1 | R2 |
| 5,000 | 5,300 | 5,475 | 5,800 | 6,000 |
JSMR moved in the positive side followed by a bullish engulfing pattern suggesting a further up potential especially if its resistance is broken up.
| UNTR |
Sell on strength |
|||
| S2 | S1 | Level | R1 | R2 |
| 18,875 | 19,300 | 20,375 | 20,200 | 22,000 |
UNTR still moved higher d uring 3 days in a row. Nevertheless, a position at its diagonal resistance would dampen this upswing.
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