Indonesian Market Recap
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%).
Today’s Outlook: : Positive Global Sentiment
Today we estimate JCI to rally with the support range of 6015-6025 and resistance range of 6134-6144. The positive sentiment comes from the subdued jitters stemming from the appointment of Giuseppe Conte. Besides, the conflict between Trump and Kim Jong Un subdued after both are scheduled to attend summit held in Singapore on June 12th 2018. Yet, investors must keep their eyes on the profit taking action after rally in JCI ahead of long holiday.
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