IDX buoyant above 5.270 say goodbye to 5.100 say hello to 5.470
We look at the potential for the index correting below the 5.300 to 5.100 look slim considering the end on month closing above the psychological 5.300 level and failure for the bears to exert more pressure below the monthly low of 5.270. Thus it seems that the bears may have to say goodbye to the 5.100 level and say hello to resistance at 5.410 and 5.470, recommend buying big cap index drives and second liners for more near term upside fireworks.
Support: 5.370-5.310-5.270-5.210-5.180, Resistance: 5.470-5.525
Stock picks: (BUY: BJBR, TINS, WTON, ASRI)
1. Bank Jabar (BJBR) (Trading target: Rp.1.710)
Entry (1) Rp.1.595, Entry (2) Rp.1.575, Cut loss point: Rp.1.515
2. Tambang Timah (TINS) (Trading target Rp.850)
Entry (1) Rp.790, Entry (2) Rp.770, Cut loss point: Rp.750
3. Wika Beton (WTON) (Trading target Rp.980)
Entry (1) Rp.930, Entry (2) Rp.920, Cut loss point: Rp.905
4. Alam Sutera (ASRI) (BUY) (Trading Target Rp.510)
Entry (1) Rp.484. Entry (2) 480, cut loss point: Rp.476
(Disclaimer on) Investasi di pasar modal adalah hal yang beresiko dan dapat mengakibatkan kerugian material. Tulisan ini hanya bertujuan hanya sekedar memberikan informasi dan tidak boleh ditafsirkan sebagai ajakan atau penawaran untuk membeli dan/atau menjual efek atau instrumen keuangan lainnya. Setiap keputusan investasi yang di ambil merupakan tanggung jawab sepenuhnya investor.
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Yuganur Wijanarko Senior Research (firstname.lastname@example.org)