Bull waits for breakout
Market players are watching the 6.130 level as a key resistance point for the next directional probabilities, a breach of 6.130 would mean onward to 6.170-6.220 while a breakdown below the cut-loss point of 6.020 spell a breakdown to 5.992-5.940-5.840.
Support: 6.033-5.992-5.960-5.920-5.840, Resistance: 6.130-6.170-6.220-6.300-6.385
Stock picks: (BUY: BBRI, HRUM, INDF, & HMSP)
- Bank BRI (BBRI) (Profit taking target: Rp.3.450-3.550)
Entry (1) Rp.3.220, Entry (2) Rp.3.180, Cut loss point: Rp.3.110
- Harum Energy (HRUM) (Profit taking target Rp.2.850-2.950)
Entry (1) Rp.2.590, Entry (2) Rp.2.490, Cut loss point: Rp.2.410
- Indofood (INDF) (Profit taking target Rp.6.550-6.650)
Entry (1) Rp.6.275, Entry (2) Rp.6.175, Cut loss point: Rp.6.075
- HM Sampoerna (HMSP) (BUY) (Profit taking target: Rp.3.890-3.990)
Entry (1) Rp.3.670, Entry (2) Rp.3.570, cut loss point: Rp.3.490
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Yuganur Wijanarko Senior Research
