IDX buoyant above 5.270 say goodbye to 5.100 say hello to 5.470
We look at the potential for the index correting below the 5.300 to 5.100 look slim considering the end on month closing above the psychological 5.300 level and failure for the bears to exert more pressure below the monthly low of 5.270. Thus it seems that the bears may have to say goodbye to the 5.100 level and say hello to resistance at 5.410 and 5.470, recommend buying big cap index drives and second liners for more near term upside fireworks.
Support: 5.370-5.310-5.270-5.210-5.180, Resistance: 5.470-5.525
Stock picks: (BUY: BJBR, TINS, WTON, ASRI)
1. Bank Jabar (BJBR) (Trading target: Rp.1.710)
Entry (1) Rp.1.595, Entry (2) Rp.1.575, Cut loss point: Rp.1.515
2. Tambang Timah (TINS) (Trading target Rp.850)
Entry (1) Rp.790, Entry (2) Rp.770, Cut loss point: Rp.750
3. Wika Beton (WTON) (Trading target Rp.980)
Entry (1) Rp.930, Entry (2) Rp.920, Cut loss point: Rp.905
4. Alam Sutera (ASRI) (BUY) (Trading Target Rp.510)
Entry (1) Rp.484. Entry (2) 480, cut loss point: Rp.476
(Disclaimer on) Investasi di pasar modal adalah hal yang beresiko dan dapat mengakibatkan kerugian material. Tulisan ini hanya bertujuan hanya sekedar memberikan informasi dan tidak boleh ditafsirkan sebagai ajakan atau penawaran untuk membeli dan/atau menjual efek atau instrumen keuangan lainnya. Setiap keputusan investasi yang di ambil merupakan tanggung jawab sepenuhnya investor.
(Disclaimer on) This document has been prepared by PT.KGI Sekuritas Indonesia. The information has been compiled from public source, which we believe to be reliable but no representation or warranty, express or implied is made as to accuracy, completeness or fairness of the information and opinions contained in this document. Information and opinion contained herein are used to assist recipients, but are not to be relied upon as authoritative or taken in substitution for the exercise of judgment by any recipients as of this date. Any opinion and expressed in this report are subject to change without notice and PT. KGI Sekuritas Indonesia is not under obligation to update or keep current the information contained herein. This report is not, and should not be construed as, an offer or solicitation to buy or to sell any securities. PT. KGI Sekuritas Indonesia accepts no liabilities whatsoever for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on any statement or omission in any information contained in this report. No part of this report may be produced, distributed or published without the written permission of PT. KGI Sekuritas Indonesia. All rights reserved
Yuganur Wijanarko Senior Research (yuganur.wijanarko@kgi.com)
