IDX trend improving
We look at the recent trend of the index to improving more towards a positive note despite selling by the bear camp, buying in big cap index drivers and second liner items by bears coming on the woodwork and taking a more aggressive stance and fuel upside fireworks beyond the upper end yearly resistance of 5.470 and even the all time high of 5.525.
Support: 5.370-5.310-5.240-5.130, Resistance: 5.470-5.525-5.600
Stock picks: (BUY: BBRI, LSIP, TLKM, WSBP)
1. Bank BRI (BBRI) (Trading target: Rp.12.550)
Entry (1) Rp.12.075, Entry (2) Rp.11.850, Cut loss point: Rp.11.450
2. London Sumatra (LSIP) (Trading target Rp.1.650)
Entry (1) Rp1.540, Entry (2) Rp.1.510, Cut loss point: Rp.1.470
3. Telekomunikasi (TLKM) (Trading target Rp.4.350-4.450)
Entry (1) Rp.4.230, Entry (2) Rp.4.190, Cut loss point: Rp.4.120
4. Waskita Beton (WSBP) (BUY) (Trading Target Rp.600)
Entry (1) Rp.560, Entry (2) Rp.540, cut loss point: Rp.520
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Yuganur Wijanarko Senior Research (yuganur.wijanarko@kgi.com)
