Trump wins, bulls trump over bears
We look at the recent massive selling by the bear camp on disappointment that Hillary lost the presidency to Trump may fade away and bulls should trump over bears once again when the buying resumes in big cap index drivers and second liners for another rallying attempt which may bring us back into the grace of upper resistance at 5.470-5.525.
Support: 5.410-5.240-5.130, Resistance: 5.470-5.525-5.600
Stock picks: (BUY: BJBR, ADRO, ASII, TLKM)
1. Bank Jabar (BJBR) (Trading target: Rp.1.590-1.650)
Entry (1) Rp.1.575, Entry (2) Rp.1.565, Cut loss point: Rp.1.545
2. Adaro Energy (ADRO) (Trading target Rp.1.640-1.740)
Entry (1) Rp.1.545, Entry (2) Rp.1.515, Cut loss point: Rp.1.495
3. Astra International (ASII) (Trading target Rp.8.375-8.425)
Entry (1) Rp.8.250, Entry (2) Rp.8.175, Cut loss point: Rp.8.075
4. Telekomunikasi (TLKM) (BUY) (Trading Target Rp.4.280-4.350)
Entry (1) Rp.4.120, Entry (2) Rp.4.080, cut loss point: Rp.3.980
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Yuganur Wijanarko Senior Research (yuganur.wijanarko@kgi.com) (kgi.id)
