Dow Jones and S&P 500 recorded another closing high on (16/11/2020) after Moderna announced their vaccine trial to show 94.5% effective result. The news followed Pfizer’s announcement last week, and triggered hope that the economy can be fully reopened.
Meanwhile, this news on Moderna vaccine development is expected to also push IHSG up today, following the rally of almost all global markets. In the short term, JCI has the opportunity to test the resistance level at 5,578.
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