- Mixed global markets would not send in any support.
- The IDX still moved lower followed by increasing foreign selling actions last week. Nonetheless, a formation of an inverted hammer during a downtrend would create a reversal sign.
- So, we predict that the IDX would be in the positive side for today.
MNCN ended the trading higher with a high enough volume after taking deep downturn in the last several days suggesting a rebound opportunity.
Sell on strength
TLKM took a weak turn with a bearish engulfing pattern indicating another downside potential.
Buy on weakness
WIKA still carried on the downside turn during 6 days in a row. But so, a presence of its horizontal support would expectedly limit the weak trend.
WTON ended the trading n e g atively near its diagonal support with a low volume and the presences of several supports that could slow down the downswing.
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