- A rebound turn by Dow Jones and the regional markets would expectedly improve the sentiment.
- The IDX took a correction followed by foreign selling interest yesterday. But so, a formation of a doji would indicate a not so strong downside momentum.
- So, we predict that the IDX would be in the positive side today.
Sell on strength
KLBF ended the trading positively but with a presence of a diagonal resistance so that any further upside turn maybe in a limited range.
LSIP closed the Thursday’s session in the positive side with a bullish engulfing pattern and a rising volume potentially to break away from its descending triangle formation.
SMRA was in the negative te rritory but with a close at its diagonal support and also a doji pattern that could create an upside opportunity.
TINS ended the trading day p ositively supported by a bullish engulfing pattern indicating another upside movement.
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