VIVAnews - The Jakarta index dropped slightly in today's early transaction by 0.7 points to 2,460.82.
Most analysts had on the contrary estimated that the index would gain. The positive sentiment seen as the catalyst of the increase included the rise in crude oil prices and metal commodities.
Research team of PT Reliance Securities Tbk told VIVAnews on Thursday, Nov 26,that in addition to the oil prices, the depreciating US dollar caused the rupiah to earn at Rp 9,400 against US dollar.
However, technically, the index is figured as not yet stable. "Williams %R indicates that the index will exit the overbought zone if it moves down, causing the index to weaken," said Reliance Securities analyst Gina Novrina Nasution.
Stochastic indicated short-term fall, as is moving average convergence divergence (MACD).
--
Translated by: Bonardo Maulana Wahono
