- A negative Dow Jones and mixed regional markets would affect the trading direction.
- The IDX was still in the positive trend supported by foreign buying interest yesterday. But so, a doji near resistance would limit the upside opportunity.
- Therefore, we predict that the IDX would be in the positive side today.
Buy on weakness
ICBP moved in the negative side with a bearish engulfing formation suggesting another downside movement.
JSMR took a weak turn near its diagonal support and not followed by a high volume yesterday indicating a limited downside potential.
KLBF remained in the neg a tive side but not followed by a high volume and a closing of an open gap that could potentially create a technical rebound potential.
Sell on strength
SOCI ended the session hig h e r with a doji pattern and RSI indicator still in the overbought territory so that could dampen this current upswing.
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