- Regional bourses on upside trend would expectedly send in the support.
- The IDX ended the trading higher after on a volatile session last week. But so, a still rather high foreign selling sentiment would slow down the upside potential.
- Therefore, we predict that the IDX would be in the positive side today.
Sell on strength
INDY still moved up in a thin range followed by a high volume but only with a shooting star pattern that could potentially create a correction.
ITMG moved in the positive side with a bullish engulfing pattern and also a break on its horizontal resistance suggesting a further upside opportunity.
KINO took a weak turn with a low volume and a close near the diagonal support and an oversold RSI trend indicating a limited downside potential.
WIKA edged higher followed by a bullish engulfing with a high enough volume that could lead to further upside potential.
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