- Most of the global markets on weak trend would affect the sentiment.
- The IDX ended the trading down after unable to keep up the gaining turn last week. In addition, a formation of a bearish engulfing would still give a further negative tendency.
- So, we predict that the IDX would be in the negative side today.
Buy on weakness
JSMR ended the session n e gatively with a position near its diagonal support in a thin volume so that any further downside movement maybe in a limited range.
KLBF still carried on the weak turn but with the presence of its long term horizontal support and also an oversold RSI trend that could limit the downside
Sell on strength
LSIP moved negatively with a bearish engulfing formation after failing to break its diagonal resistance suggesting a further weak potential.
PTBA was down near its diagonal support with a low volume in which suggesting a limited downside movement.
* This report is for informational purposes only. This report is exclusively published for the use of Kiwoom Securities clients, and may not be reproduced or distributed. While the information was collected from secure sources, Kiwoom Security does not guarantee the accuracy or reliability of the information. Kiwoom Securities bears no liability for any losses that may occur from investments based on the information provided in this report.