IHSG difficult corrections to 5.100, wild hails 5.410-5.470
The swiftness of weeping, bears no mengubris: sales Action market players from the house of a bear as a result of regional volatility and expektasi that IHSG will fall to 5.100, confronted by followers of the bear who make purchases enough aggresif in shares of big cap index drivers and layers of two choices have made IHSG unbelievable things took to down under 5250 so that the scenario of a bear to IHSG 5.100 are not likely to happen in the near future. It technically rally IHSG to 5.410-5.470 more
Note the rupiah and oil : We see that the strengthening of the rupiah from 13.350 to 13,050.96 during a week when IHSG sideways in 5.300-5.400 level is a sign that there were indeed funds into the stock through the action of followers of the swiftness of making IHSG difficult to correction under 5,280. The WTI oil prices tend to move toward the $50/b when strong above support $45/b enough positive for mendongrak IHSG (correlation between oil and IHSG clockwise). Suggestions for the next week is the accumulation of the banking stocks big cap Enterprises that enough pace and concentration also in ASII and TLKM.
Stock picks & 1-week targets: (BUY: ASII, BBRI , BMRI, TLKM)
1. Astra International (ASII) (BUY) (Trading target: Rp8.450-8.650)
Entry buy (1) Rp8.200, Entry buy (2) Rp8.075, Cut losses point: Rp7.975
2. The Bank BRI (BBRI) (BUY) (Trading target: Rp11.975-12.200)
Entry (1) Rp11.725, Entry (2) Rp11.625, Cut the losses point: Rp11.475
3. Bank Mandiri (BMRI) (BUY) (Trading target Rp11.350-11.550)
Entry: (1) Rp 11,000 represents equilibrium, Entry (2) Rp10.850, Cut losses point Rp10.650
4. Telecommunications (TLKM) (BUY): (Trading target Rp4.350-4.350)
Entry: (1) Rp4.080, Entry (2) Rp4.010, Cut losses point Rp3.960
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