Market Update (May 31, 2017)


(OpisBoi‘s Technocopter) Yesterday, JCI barely ends in the 5,700s level. Instead, its weakened for -0.33% and closed at 5,693.39 pts. 8 out of 10 sectors were shrunk, and led by Infrastructure (-0.98%) Consumer (-0.67%) and Basic-Ind (-0.67%). Foreign Investors posted another Net Sell by IDR149bn, from the total of 86,037,892.00 shares traded across the board.

A Minor Black Candle forming a shooting star and a possible Bearish Tri-star Method, signaling that the market is anticipating another selling tension. Which could happen if the 5,670 – 5,690 support, breaches. On the flip-side, a Golden-Cross at 36.31% Stochastic’s Oversold-Trading in its positive distribution shall give a room for JCI rolling back to its 5,700s area.

JCI expected to walk around 5,680 – 5,735 pts areas, due to the lack of positive news and catalysts.

Some of these stocks still have a potential upside to cease the selling pressures, and hold the market steady (TradingBuy); ASII BBCA BBNI HMSP KLBF RALS MAPI ADRO PTBA UNTR HRUM ; Foreign Investors eyed on some of these stocks; AALI LSIP DOID MPPA ACES SRIL SMSM MAIN CPIN(OnScreen); BUMI BWPT BRMS DEWA PWON CTRA SMRA;

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