- Mixed global markets and a weak Rupiah would affect the sentiment.
- The IDX was up in a thin range after testing its recent low yesterday. Nonetheless, still presence of foreign selling interest would seem be able to dampen the upside turn.
- So, we predict that the IDX would be in the positive side today.
Sell on strength
BBCA moved higher followed by a bullish engulfing formation but a presence of its diagonal resistance that could slow down a further upside turn.
BMRI was in the negative side but with a close near its diagonal support that could potentially open a rebound opportunity.
CPIN ended the trading u p after going near its diagonal support followed by a high enough volume suggesting another upside potential.
UNTR still moved lower bu t w ith a close near a 2013 low and the RSI within the oversold area signaling a rebound potential.
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