The wild started to take over from the Bear
Sideways waiting for FED: We see Intention Fed to raise interest rates in September will provide certainty to the stock market and the global commodities previously confused world that the world economic recovery is still in the positive path. The condition of the composite index is a short-term trend in posis confused world alias minor correction and sideways are expected to be changed to rose back above the psychologically 5.410 to forward pending increase cracks all time high in the 5.525 pending long enough.
The swiftness of securing the pounding bears : Time IHSG after falling to low 5,300 and almost pushed low monthly graph 5,280, the bulls started to think will happen emphasis IHSG more information to 5.100 (which is the target of correction from the formation of bearish double top in the daily graphic) but with the composite index is still close above 5,280 at the end of the Week (Friday) cancel the scenario of a bear to corrections to 5.100 cancel and bullish scenario for berlajut above 5.410 can become a reality in the latter days. Rekomen stock accumulation big cap index drivers and layers of two choices for the scenario reverses the direction that can happen in the latter days later.
Stock picks & 1-week targets: (BUY: ASII, ( BBCA ,ADRO, BSDE)
- Astra International (ASII) (BUY) (Trading target: Rp8.450-8.650) Entry buy (1) Rp8.025, Entry buy (2) Rp7.925, Cut losses point: Rp7.875
- The Bank BCA ( BBCA) (BUY) (Trading target: Rp15.600-16.000) Entry (1) Rp14.950, | Entry (2) 14,750 rupiah, Cut the losses point: Rp14.550
- Adaro Energy (ADRO) (BUY) (Trading target Rp1.220-1.240)Entry: (1) Rp1.165, | Entry (2) Rp1.145, Cut losses point Rp1.125
- Bumi Serpong Damai (BSDE) (BUY): (Trading target Rp2.140-2.220) Entry: (1) Rp2.040, | Entry (2) Rp2.010, Cut losses point Rp1.980
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Yuganur Wijanarko Senior Research (yuganur.wijanarko@kgi.com)
