Indonesian Stock Market Analysis for Wednesday Trading

Technical Outlook and Market Movement

The Indonesian Composite Stock Price Index (IHSG) is expected to experience a limited decline on Wednesday, following a 0.29% correction to 8,366.52 on Tuesday ¹

. The index had previously reached a new high of 8,455 during the previous trading session before weakening to the 8,300 level ²

Source 2

https://investasi.kontan.co.id/news/ihsg-diprediksi-melemah-terbatas-pada-rabu-1211-silakan-amati-saham-saham-ini

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According to Oktavianus Audi, VP Equity Retail at Kiwoom Sekuritas Indonesia, the IHSG's movement throughout Tuesday was fluctuating with a weakening tendency in the final trading session ¹

. Technical analysis shows that the MACD indicator is trending downward, while the RSI is also decreasing, signaling that the market's upward momentum is becoming limited ¹

Source 1

https://finance.detik.com/bursa-dan-valas/d-8204664/ihsg-kurang-darah-usai-tembus-rekor

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Trading Range and Market Dynamics

For Wednesday's trading, Audi predicts that IHSG will remain in the support range of 8,283 and resistance at 8,440 ¹

. The market's performance will likely be influenced by investor profit-taking actions, as observed on Tuesday ¹

Source 1

https://finance.detik.com/bursa-dan-valas/d-8204664/ihsg-kurang-darah-usai-tembus-rekor

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The trading activity on Tuesday morning showed that the index was at 8,359, down 32 points (0.38%) ²

. The transaction value reached Rp 4.18 trillion, involving 7.72 billion shares traded across 554,786 transactions ²

Source 2

https://investasi.kontan.co.id/news/ihsg-diprediksi-melemah-terbatas-pada-rabu-1211-silakan-amati-saham-saham-ini

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