Indonesian Market Recap
JCI rallied last Friday amid the pressure the rebound in Dollar against other currencies. Top Gainers : Infrastructure (+2.50%), Basic Industry (+1.36%), Property (+1.27%).
Today’s Outlook: A Rump Up in the U.S. Import
We estimate JCI to rally with the support range of 6620-6624 and resistance range of 6695-6705 by today. The release of the U.S. economic growth in 4Q17 constitutes as a positive sentiment. Although the economy growth lags by 2.6% triggered by the rump up in consumption import of 3.8%. 4Q17 import also jumped into 13.9% and it signals the continuous recovery in global economy.
Download full report HERE.