Market Update (July 7, 2017)


(OpisBoi‘s Technocopter) Amidst a turbulances flight on most Asian Benchmark Index upon hawkish fed minutes, Indonesia market found the traction to rests just inched below the 5,850 resistance and rose by 0.42% ends at 5,849.58 pts.

8 out of 10 sectors managed to pushed the Index ascended, with Infrastructure, Basic Industry and Property to lead by 1.25%, 0.78%, 0.75% respectively. There were 6,658,057,410 shares traded for a total net value of IDR5.47tr posted, whilst foreign investors record a net sell by IDR517.30bn across the board.

With the In Neck Candle to conclude yesterday’s formation, appears to be a near the resumption of a downward trends and the JCI would continue falling to retrace back to test the 5,790s support again.

Should the market fail to withhold a possible selling tension to ends this week trading sessions, you may need to draw your stop loss level at 5,7695,773. On the flip side, as it was trading at 42.57% Stochastic with a potential golden cross signal, JCI is expected to be able to walk around 5,8045,862 pts areas.

These stocks might still have some room for trading (TradingBuy); GGRM HMSP UNTR LPPF PGAS BJTM SMBR WIKA PPRO ADHI(OnScreen); BUMI HRTA BWPT BRMS DEWA PWON CTRA;

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