IDX stable above 5,300, bull flexes muscles.
We look at the buying in big cap index drivers and second liners by the bull camp followers stepping up to the bullish plate to offset selling by the nervous bears jittered by overnight regional and EIDO volatility for another attempt to ride the wave back up to upper end resistance at 5.350-5.410.
Support: 5.300-5.240-5.170-5.040-4.970, Resistance: 5.350-5.410-5.490-5.550
Stock picks: (BUY: BMRI, ASRI, LSIP, WSBP)
- Bank Mandiri (BMRI) (Trading target: Rp.11.300-11.650)
Entry (1) Rp.10.950, Entry (2) Rp.10.850, Cut loss point: Rp.10.650
- Alam Sutera (ASRI) (Trading target Rp.420-440)
Entry (1) Rp.380, Entry (2) Rp.360, Cut loss point: Rp.340
- London Sumatra (LSIP) (Trading target Rp.1.740)
Entry (1) Rp.1.585, Entry (2) Rp.1.570, Cut loss point: Rp.1.530
- Waskita beton (WSBP) (BUY) (Trading Target: Rp.640)
Entry (1) Rp.580, Entry (2) Rp.560, cut loss point: Rp.545
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Yuganur Wijanarko Senior Research (yuganur.wijanarko@kgi.com) (kgi.id)
