IDX rams 5.410, bulls dream on to 5.500.
Consistent buying by the bull camp has warded off selling sorties by jittered bears to maintain enough positive momentum for the index to breach the all time resistance level of 5.410, provided no major setbacks are in place we are optimistic for a break of 5.410 may spell more near term upside fireworks until 5.490-5.550.
Support: 5.300-5.240-5.170-5.040-4.970, Resistance: 5.410-5.490-5.550
Stock picks: (BUY: BBTN, PPRO, AALI, JSMR)
- Bank BNI (BBTN) (Trading target: Rp.2.000)
Entry (1) Rp.1.915, Entry (2) Rp.1.895, Cut loss point: Rp.1.865
- PP Property (PPRO) (Trading target Rp.1.420)
Entry (1) Rp.1.285, Entry (2) Rp.1.255, Cut loss point: Rp.1.215
Astra Agro Lestari (AALI) (Trading target Rp.16.300-17.000)
Entry (1) Rp.15.650, Entry (2) Rp.15.550, Cut loss point: Rp.15.350
- Jasa Marga (JSMR) (BUY) (Trading Target: Rp.5.050)
Entry (1) Rp.4.580, Entry (2) Rp.4.480, cut loss point: Rp.4.365
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Yuganur Wijanarko Senior Research (yuganur.wijanarko@kgi.com) (kgi.id)
