- JCI failed to hold ground above 4677 and slipped to 4665.8 before it settled the day at 4674. As mentioned yesterday, such failure opens up a risk for the index to fall deeper. It looks like the rebound wave from 4403 has run its course at 4779 and the next key support is at 4635 and 4582. Upside, the resistance comes at 4779 again.
- Not much fluctuations throughout the US market as market has been preoccupied by US corporate earnings. Lack of positive and negative catalysts, expect the JCI to trade in a tight range.
- MAPI got hit hard along with IMAS, while ASRI still awaiting for entry. BBCA got knocked back after coming so close to its target at 10450. No change in view on the remaiing trade recommendations.
Kamis, 25 Juli 2013
Morning Dew - 26 July 2013
Key Points
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