Bears forget IDX 5.100, say hello to 5.410-5.470
We look at the recent buying by the bull camp to offset the selling by bearish followers, thus it seems that the next near term directional probabilities may be heading to 5.410-5.470 versus a downfall to 5.100, recommend building more long positions for enjoying upside fireworks.
Support: 5.270-5.210-5.080-4.980, Resistance:5.370-5.410-5.470
Stock picks: (BUY: BJTM, LSIP, ASRI, WSKT)
1. Bank Jatim (BJTM) (Trading target: Rp.600-630)
Entry (1) Rp.575, Entry (2) Rp.565, Cut loss point: Rp.555
2. London Sumatra (LSIP) (Trading target Rp.1.610-1.710)
Entry (1) Rp.1.495, Entry (2) Rp.1.475, Cut loss point: Rp.1.420
3. Astra International (ASII) (Trading target Rp.(8.600)
Entry (1) Rp.8.150, Entry (2) Rp.8.050, Cut loss point: Rp.7.950
4. Waskita (WSKT) (BUY) (Trading Target Rp.2.950)
Entry (1) Rp.2.675 Entry (2) Rp.2.615, cut loss point: Rp.2.575
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Yuganur Wijanarko Senior Research (yuganur.wijanarko@kgi.com)
