IDX box breakout
Continued buying by the bull camp in big caps and second liner items had contributed to the building of positive momentum within the tight trading range of 5.870-5.745, it may be only a matter of time before a box breakout occurs to test the upper resistance at 5.920 (all time high) and above the 6.000 level.
Support: 5.745-5.650-5.560-5.495, Resistance: 5.870-5.920-6.000-6.100-6.400
Stock picks: (BUY: BJTM, JSMR, LSIP, PTPP)
- Bank Jatim BJTM (BJTM) (Trading target: Rp.690-730)
Entry (1) Rp.650, Entry (2) Rp.630, Cut loss point: Rp.615
- Jasa Marga (JSMR) (Trading target: Rp.5.850-6.050)
Entry (1) Rp.5.475, Entry (2) Rp.5.375, Cut loss point: Rp.5.275
- London Sumatra (LSIP) (Rp.1.460-1.520)
Entry (1) Rp.1.405, Entry (2) Rp.1.370, Cut loss point: Rp.1.305
- PP Property (PTPP) (BUY) (Trading Target: Rp.3.250-3.450)
Entry (1) Rp.3.040, Entry (2) Rp.2.980, cut loss point: Rp.2.915
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Yuganur Wijanarko Senior Research
