Bulls cool off heels between 6.100-6.050 ready for the next push onward to 6.250-6.350
We look at the recent selling by the bear camp as an attempt to push prices lower was waned and bulls positioning themselves between the cluster of support 6.100-6.050 has built an accumulation springboard zone to propel the index higher and push onward until 6.250-6.350.
Support: 6.100-6.050-6.000-5.950-5.840-5.745, Resistance: 6.250-6.350
Stock picks: (BUY: BMRI, ASII, WSKT, SRIL)
- Bank Mandiri (BMRI) (Trading target: Rp.7.750-7.850)
Entry (1) Rp.7.475, Entry (2) Rp.7.375, Cut loss point: Rp.7.275
- Astra International (ASII) (Trading target: Rp.8.375-8.525)
Entry (1) Rp.8.150, Entry (2) Rp.8.050, Cut loss point: Rp.7.950
- Waskita Karya (WSKT) (Rp.2.480-2.580)
Entry (1) Rp.2.180, Entry (2) Rp.2.080, Cut loss point: Rp.1.960
- Sri Rejeki Isman (SRIL) (BUY) (Trading Target: Rp.414-424)
Entry (1) Rp.378, Entry (2) Rp.368, cut loss point: Rp.358
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Yuganur Wijanarko Senior Research
(yuganur.wijanarko@kgi.com) (kgi.id)
