- Stock indices in the US and Europe ends lower in the weekend, after a US Treasury Secretary statement that a new Tax Reform bill would be handed over to
President Trump ahead of year-end holidays, or slower than market expectations.
- Nikkei 225, All Ordinaries opened lower this morning, Kospi rose.
- IDX is likely to have a correction today after had risen to its new high in the last weekend. Support 5,990, resistance 6,110.
Sell on Strength
ASII ended the trading weaker with a bearish engulfing formation providing another downside sign.
INCO closed the session lower in diagonal support area with a thin volume and a presence of its several support levels that could dampen a further downside movement.
ISAT ended trading negatively in diagonal support area with a thin volume and oversold RSI trend that could dampen a further downside movement.
SCMA was in the positive side followed by a full white candle and higher volume indicating a still favorable potential.
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