Daily | Jun 25 2018
We estimate JCI to rally with the support range of 5792-5796 and resistance range of 5873-5883.
We estimate JCI to rally with the support range of 5792-5796 and resistance range of 5873-5883.
Rupiah Depreciated at Above 14,000 per USD
Emerging countries asset suffered impacts of adversaries sparked by the trade war engulfing allies not only the relationship between the U.S. and China.
Investors responded to varied negative global sentiments when IDX was off during long holidays.
We estimate JCI to move modestly with the support range of 5935-5947 and resistance range of 6023-6037.
JCI moved lower yesterday due to profit taking action and BI’s statement of further benchmark rate hike.
JCI was capable of rallying yesterday amid the release of well-controlled May inflation.
Top Gainers : Infrastructure (+2.74%), Misc Industries (+1.43%), Mining (+1.29%).
Newly elected Governor of Bank Indonesia Perry Warjiyo unexpectedly decided to hold an ad-hoc Board of Governors Meeting dated May 30th 2018