Jakarta (Benchmark News) – KGI Securities Indonesia estimated the jsx composite trading on Wednesday (9/2/2016) ready to penetrate the resistant level 5,470.
Analyst of KGI Securities Indonesia Yuganur Wijanarko said although Indonesia’s stock market often wracked by the action of selling market participants of “bears” who can’t stand with regional volatility, stock purchase action big cap index layer two drivers and by “Bull” success raised the level of 5,370 JCI to play above the psychological level support 5,410.
“If the positive momentum can be maintained, then the JCI would easily make the annual resistance at 5,470 become new support to support rising further to 5,525.0,” he said in the research.
Today, the index predicted the move in lebel support 5.410-5.470, 5.240-5310 and resistant 5.525-5600.
Stock picks: (BUY: BBCA, LSIP, PWON, WTON)
1. Bank BCA (BBCA) (Trading target: IDR 15,076-IDR 16.200)
Technical pattern in the short and medium term improvement trend in the big cap issuers this banking makes it interesting to diakumulasi see the performance expectations of future earnings in 2016-2017 with the scenario of the next increment towards the psychological resistance at IDR 15,076-IDR 16.200.
Entry (1) IDR 15,400, Entry (2) IDR 15.175, Cut loss point: IDR 14.925
2. London Sumatra (LSIP) (Trading target of IDR above)
Commodity prices that began bottoming in the last 10 years and the low valuation sectors are pretty cheap after depressed so long makes it attractive for CPO emitten diakumulasi-term medium term, increase the potential for accumulation of rekomen next to the IDR above.
Entry (1) IDR 1,319, Entry (2) IDR 1.465, Cut loss point: IDR 1,425
3. Pakuwon (the PWON) (target Trading IDR 765)
Technical improvements in the short and medium term the issuer property can be used as a continuation to increase accumulation of short and medium term next to IDR 765
Entry (1) IDR 720, (2) Entry IDR 700, Cut loss point: IDR 680
4. Concrete Wika (WTON) (BUY) (Trading Target IDR 930-IDR 960)
Pattern improvement momentum in short and medium construction ENTERPRISE can be used as trading opportunity following the continuation of the next psychological resistance to the increase in IDR930-IDR 960.
Entry (1) IDR860, Entry (2) IDR 840, cut loss point: IDR 82…(Red)