Trading Review September 26th Indonesia Market
Earlier this morning I bought RALS, it’s one of the biggest Indonesia retail store. There’s no technical analysis behind it except that the stock already fall quite sharply from the last high and, from my observation, already consolidating on a new support line. The main reason for me on buying this stock is that their revenue during Ramadhan (the Holy Month for Muslim, in which Indonesia is the biggest Muslim population in the world) will likely to spike along with the increased consumption during this month.
At the end of the day, the stock closed Rp20 lower than my entry points. A little bit disheartening because I bought quite alot of it. But nonetheless, I believe that the very minor correction is brought on by the market sentiment. JCI is closed -6 points, Nikkei -76, while Hang Seng -237.
Coming up next, the US stock market!
