Research Monthly Market Outlook October 26-09-2016

IHSG is not necessarily a gray on October

IHSG turn around in September: We see that despite selling daily from market participants followers of the bears that are not resistant to volatility in regional and state oversold (overbought) to make IHSG corrected deep enough to a low in 5130 of a high position 5470, but the share repurchase big cap and lapis two options by the bull who feel already time for bargain hunting and lifting IHSG close-monthly (September) above 5.130. Technically, this can be said to be positive because it is a signal that the big correction in IHSG has been completed and for the month of October is likely IHSG will continue to break above the 5470 resistance high for the past year. Recommendation that the continuation of accumulation for the next hike.

Fed certainty, the medium term trend may turn positive: After the market still stir in the uncertainty of the Fed regarding policiy rising interest rates, then the decision to delay the increase (fixed rate) at the end of this September and signal to increase in December gives certainty to the marketplace so centimes positive start to improve to change the trend of the medium becomes more positive.

Portfolio recommendation and 1 month targets

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