Negative Market.
| S2 | S1 | IDX | R1 | R2 |
| 4,400 | 4,446 | 4,464.1 | 4,508 | 4,521 |
- Global bourses on the downside trend would send in the unfavorable pressure.
- The IDX moved lower followed by foreign selling sentiment on Tuesday. But so, a presence of its previous low would potentially slow down the downturn.
- Therefore, we predict that the IDX would remain in the negative territory today.
Daily Research:
| CTRA |
Sell on strength |
|||
| S2 | S1 | Level | R1 | R2 |
| 990 | 1,135 | 1,285 | 1,370 | 1,500 |
CTRA ended the trading higher but with a close near its diagonal resistance in which could limit any further upside opportunity.
| GGRM |
Sell on strength |
|||
| S2 | S1 | Level | R1 | R2 |
| 47,600 | 49,100 | 50,700 | 52,000 | 53,650 |
GGRM was in the positive territory but still unable to break its diagonal resistance that could lead to a correction potential.
| LPKR |
Speculative buy |
|||
| S2 | S1 | Level | R1 | R2 |
| 1,090 | 1,155 | 1,215 | 1,315 | 1,350 |
LPKR closed the session in the weak side near its diagonal support with a long black candle suggesting a fairly limited downside potential.
| PGAS |
Buy on weakness |
|||
| S2 | S1 | Level | R1 | R2 |
| 2,300 | 2,530 | 2,615 | 2,790 | 2,910 |
PGAS took a deep downturn followed by a high volume. Nevertheless, a presence of its horizontal support would slow down the downswing.
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