- A quite positive Dow Jones and the global indices would send in the favorable support.
- The IDX took a correction yesterday with a candlestick forming a bearish engulfing indicating further profit taking actions. But so, a still low foreign selling interest would limit the downside potential.
- Therefore, we predict that the IDX would be in the positive side for today.
Sell on strength
CTRA edged higher nearing its horizontal resistance on Thursday in which suggesting that another upside movement maybe in a limited range.
KLBF took a correction after going near its diagonal resistance. But so, an open gap down and a hammer pattern would potentially create a technical rebound opportunity.
MIKA was on the weak side near its diagonal support yesterday so that another negative turn would probably be in the limited trend.
UNVR was down in a low v olume near its diagonal support of a triangle pattern. UNVR would potentially have a technical rebound if moving toward this diagonal support line.
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