Market Update (May 2, 2017)

(OpisBoi‘s Technocopter) JCI (Indonesia Composite Index) were smashed by -0.38% and drowned at 5,685.30 bps with a total of 91,985,858.00 shares traded or -15.72% lower from the day before, on the last Friday’s trading sessions. Mostly were caused by Consumer, Mining, and Misc-Industry which slacked lower respectively by 1.21%, 1.13% and 0.56%. Overall JCI were trying to hold on to its uptrend support at 5,685 – 5,690 bps range, the market still considered bullish and tend to retrace back to its 5,725-5,730 bps resistances level or better off, probe to the 61.8% retracement target at 5,810.

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