Daily | Aug 21 2018
We estimate JCI to rally with the support range of 5850-5861 and resistance range of 5936-5945.
We estimate JCI to rally with the support range of 5850-5861 and resistance range of 5936-5945.
JCI was bearish on Thursday’s trading after the massive net sell from foreign investors. Top Losers: Infrastructure (-1.78%), Finance (-1.65%), Mining (-1.58%).
July’s trade balance posted the deficit of USD2.03 billion consisting of the deficit of ….
2Q18 Performance Review: Unattractive Interest Income
JCI rallied yesterday as the higher-than-estimate economic growth of 2Q18. Top Gainers: Misc. Industry (+3.55%), Infrastructure (+3.49%), Finance (+1.73%).
We estimate JCI to rally with the support range of 5782-5788 and resistance range of 5861-5873.
JCI was bearish yesterday after the massive net foreign sell. Investors awaited the release of July’s trade balance.
Stainless Steel’s Dominance Lingering Still
JCI ended at a steep plunge as the current account deficit ballooned to USD8 billion. Top Losers: Mining (-4.98%), Finance (-4.16%), Basic Industry (-4.03%).