Negative Market.
S2 | S1 | IDX | R1 | R2 |
5,400 | 5,417 | 5,451.4 | 5,475 | 5,500 |
- Dow and Asian bourse traded mixed this morning which could not give positive momentum for IDX.
- The IDX was still in the positive side to another record high as well as a still presence of foreign buying sentiment yesterday. But so, the IDX’s position getting near the overbought area would slow down the current upside rally.
- In all we predict IDX to trade negative on possible profit taking actions on blue chips stocks.