- A rebound on Dow Jones and many global markets would possibly improve the sentiment.
- The IDX was still under with a rising foreign selling sentiment yesterday. But so, a start of an oversold trend and a psychological level of 4,700 would possibly slow down the downswing.
- Therefore, we predict that the IDX would be in an upside tendency today.
Buy on weakness
ASII still continued the weak turn with a close at previous low since October 2014. A downside potential would remain possible if this level is broken down further.
ASRI ended the session flat with a doji formation and a position at a support indicating a rebound opportunity.
BMRI was still on the weak side but the chance to form a morning doji star pattern potentially creating a rebound possibility.
ICBP was still in the nega ti ve area but with a close near several support levels as well as a doji formation in which expectedly could limit the downturn.
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