IDX consolidates above, get ready for a resumption of fireworks
Daily overbought conditions after a recent rally breaching the all time resistance of 5.923 has invited profit takers to the table and pressuring some downside on the market, despite the recent setback we remain optimistic that this may be only a temporary respite and that more upside shall develop near term.
Support: 5.890-5.840-5.810-5.745-5.650, Resistance: 6.020-6.250-6.350
Stock picks: (BUY: BBTN, JSMR, DOID, WSKT)
- Bank BTN (BBTN) (Trading target: Rp.3.150)
Entry (1) Rp.2.920, Entry (2) Rp.2.820, Cut loss point: Rp.2.720
- Jasa Marga (JSMR) (Trading target: Rp.5.850-6.050)
Entry (1) Rp.5.675., Entry (2) Rp.5.575, Cut loss point: Rp.5.475
- Delta Dunia (DOID) (Rp.920-980)
Entry (1) Rp.880, Entry (2) Rp.850, Cut loss point: Rp.820
- Waskita (WSKT) (BUY) (Trading Target: Rp.1.950-2.150)
Entry (1) Rp.1.840, Entry (2) Rp.1.790, cut loss point: Rp.1.710
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Yuganur Wijanarko Senior Research
