IDX heading to 5.920
We look at the recent buying by the bull camp in big cap and second liner items to continued and keep the index buoyant above 5.745 as a new support point, thus decreasing chances of a further drop below and increasing odds for a more favorable scenario to rally until we hit upper end resistance at 5.870-5.920, the latter representing the all time high.
Support: 5.745-5.650-5.560-5.495, Resistance: 5.870-5.920-6.000-6.100-6.400
Stock picks: (BUY: BJBR, TLKM, DOID, PWON)
- Bank Jabar (BJBR) (Trading target: Rp.2.250-2.450)
Entry (1) Rp.2.020, Entry (2) Rp.2.180, Cut loss point: Rp.2085
- Telekomunikasi (TLKM) (Trading target: Rp.4.800-5.000)
Entry (1) Rp.4.620, Entry (2) Rp.4.570, Cut loss point: Rp.4.490
- Delta Dunia (DOID) (Trading target Rp.905-1.100)
Entry (1) Rp.835, Entry (2) Rp.825, Cut loss point: Rp.810
- Pakuwon (PWON) (BUY) (Trading Target: Rp.630-660)
Entry (1) Rp.600, Entry (2) Rp.580, cut loss point: Rp.560
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Yuganur Wijanarko Senior Research (yuganur.wijanarko@kgi.com) (kgi.id)
