- Most of the global markets on upside tendencies would once again send in the support.
- The IDX moved higher but in the middle of resuming foreign selling sentiment yesterday. A break over the psychological level of 5,300 would create a positive opportunity or vice versa.
- So, we predict that the IDX would be in the positive side today.
Sell on strength
INDF ended the trading pos it iv ely with the break on its diagonal resistance without a high volume so that could trim the upside turn.
PTPP edged higher with a long white candle and supported by a high volume suggesting another favorable potential.
Buy on weakness
PWON moved down with a hammer formation and was closed near its horizontal support that could limit the downswing.
WIKA managed to move up with a long white candle and a strong volume indicating another upside movement.
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