- A correction taken by Dow Jones and the regional bourses after the Fed kept the rate on hold would become the negative sentiment.
- The IDX moved higher with the break on its diagonal resistance yesterday. A close above its recent high would create a favorable potential or vice versa.
- Therefore, we predict that the IDX would be in the negative side for today.
Sell on strength
LSIP edged higher yesterd a y but not supported by a high volume and a position near its diagonal resistance indicating a limited upside opportunity
PNLF moved up also supported by a high enough volume suggesting a further positive movement.
SMGR ended the trading in positive territory with a long white candle pattern and a rather strong volume that could lead to a further upside turn.
Buy on weakness
WTON still continued the weak turn but with the presence of a horizontal support in which could slow down the downswing.
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