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KGI: JCI Turned Towards The Positive Trend

Jakarta (Benchmark News) – PT. KGI Securities Indonesia estimated the composite stock price index in trading today, Friday (10/20/2016) moves between support 10,154-5310-5.240-5130, and resistant 5.470-5.525-5600.

“The trend of JCI started changing to strong positive,” said KGI Securities Senior Researchers Indonesia Wijanarko Yuganur in his research

Although often wracked by the action of selling the market participants who do not hold with the volatility of the overnight market in regional, he said, the purchase of shares of big cap index layer two drivers and by followers of the House of Bull making a walk down the JCI is strong enough to sustain the next increment cycle.

“So that it can be said the trend began to change to a strong positive target resistant over at 5.470-5.525,” said Yuganus.

PT. KGI Securities Indonesia on trade today recommends the following shares:

Bank BRI (BBRI) (Trading target: us $ 12.400-12,700)
Technical pattern in the short and medium term improvement trend in banking for small cap emitten this makes it interesting to see accumulation in expektasi earnings performance to the fore in 2016-2017 with the scenario of the next increment towards the psychological resistance at IDR 12.400-12,700.

Entry (1) Rp 12,172, Entry (2) Rp 11.925, Cut loss point: 11.750 Rp.

Adaro Energy (ADRO) (Trading target of Rp 1,550)
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 mine emitten in medium term term accumulation, increase the potential for accumulation of rekomen next to 1,550 rupiah.

Entry (1) 1.480, Entry (2) USD 1,440, Cut point loss: us $ 1,420

Bumi Serpong Damai (BSDE) (Trading target of IDR 2.250-2,304)
Technical improvements in the short and medium term emitten property can be used as accumulation for the continuation of rising short and medium term next to IDR 2.250-2,320

Entry (1) Rp 2.190, Entry (2) Rp. 2.130, Cut loss point: Rp. 080

Wika WTON (WTON) (BUY) (Trading Target is Rp. 950)
Pattern improvement momentum in short and medium construction ENTERPRISE emitten this can be used as a trading opportunity following the continuation of the next psychological resistance to increase Rp. 950.

Entry (1) Rp 900, Entry (2) USD 870, cut loss point: USD 85…(Red)

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