- A weak Dow Jones and regional markets would send in the unfavorable pressure.
- The IDX moved higher but only followed by a doji pattern and a presence of foreign selling sentiment yesterday in which could slow down the upside turn.
- So, we predict that the IDX would be in the negative side today.
AALI moved quite positively with the break over the diagonal resistance of a downtrend channel also supported by a high enough volume in which suggesting another upside movement.
Buy on weakness
BMRI edged lower followed by a rising volume and a formation of a bearish engulfing indicating a further downside potential.
Sell on strength
JSMR ended the session u p but with a close near the diagonal resistance yesterday so that could dampen the positive opportunity.
PWON still managed an u p s ide turn on Wednesday. But so, a presence of its diagonal resistance would limit the upside turn.
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