- Lack of supporting factors would once again send in the pressure.
- The IDX moved negatively with resuming foreign selling sentiment yesterday. A presence of psychological level of 5,300 would expectedly dampen the weak trend or vice versa if a break down occurs.
- Therefore, we predict that the IDX would continue its downside tendency today.
Sell on strength
ANTM edged lower with a formation of a bearish engulfing suggesting a further downside movement.
JSMR ended the session lower near its diagonal support and an oversold RSI trend so that any further downturn maybe in a limited range.
Sell on Strength
PGAS closed the trading n e g atively with a long black candle pattern and a high enough volume indicating a further downside movement.
Buy on weakness
PWON still carried on the weak trend with an increasing volume and a close near its diagonal
support in which expectedly could slow down the downswing.
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