- Regional bourses traded mixed ahead of the Fed’s decision on its 15-16 March FOMC meeting.
- The IDX ended the trading negatively yesterday followed by a formation of a dark cloud cover that could give a further downside sign.
- We expect IDX to trade in negative territory today.
ACES took a weak turn near its diagonal support yesterday in which suggesting a limited downside potential.
AKRA was in the negative area with a hammer pattern and a presence of its diagonal support in which could expectedly limit the weak movement.
Sell on strength
BBTN edged higher near i ts diagonal resistance but not followed by a high volume and the RSI indicator already in the overbought trend so that could dampen this current upswing.
Buy on weakness
INCO moved negatively with a formation of a bearish engulfing pattern indicating a further downside potential.
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