(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 5,769 – 5,773. 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 5,804 – 5,862 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;