- A weak Dow Jones and the global indices would send in the negative sentiment.
- The IDX still continued the upside movement in the presence of foreign buying interest yesterday. But so, a position near the psychological level of 4,900 would potentially limit the gaining turn.
- Therefore, we predict that the IDX would be in the downside tendency today.
Buy on weakness
ADRO ended the trading lower followed by bearish engulfing pattern in which suggesting another negative potential.
Sell on strength
AKRA was in the positive side but with a position near its diagonal resistance of an uptrend in which could dampen the upside movement.
PGAS closed the trading relatively up with the RSI indicator within the oversold territory suggesting a rebound opportunity.
SMRA closed the session p o s itively with a candlestick forming a bullish engulfing pattern indicating another favorable tendency.
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