Negative Market.
| S2 | S1 | IDX | R1 | R2 |
| 4,450 | 4,483 | 4,602.8 | 4,625 | 4,653 |
- A positive Dow Jones and mixed global markets would affect the sentiment.
- The IDX continued in the positive side with a close near its previous high and resuming foreign buying actions yesterday.
- So, we predict that the IDX would be in the positive area today.
Daily Research:
| GIAA |
Sell on strength |
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| S2 | S1 | Level | R1 | R2 |
| 325 | 365 | 395 | 415 | 460 |
GIAA edged higher during y e s terday’s session but with a lower volume and the RSI indicator already in the overbought trend suggesting a limited upside potential.
| MNCN |
Buy on weakness |
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| S2 | S1 | Level | R1 | R2 |
| 1,100 | 1,200 | 1,240 | 1,500 | 1,705 |
MNCN still moved lower and the RSI trend within the oversold territory in which creating a rebound opportunity.
| TLKM |
Sell |
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| S2 | S1 | Level | R1 | R2 |
| 3,140 | 3,205 | 3,260 | 3,270 | 3,350 |
TLKM moved in the negative side after failing to keep up the gaining turn. Further, a doji in the uptrend channel would indicate a correction potential.
| WIKA |
Speculative buy |
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| S2 | S1 | Level | R1 | R2 |
| 2,690 | 2,745 | 2,780 | 2,830 | 2,885 |
WIKA was in the negative territory but followed by a hammer and a position near its support signaling a rebound potential.
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