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KGI Securities: JCI Study Through Strengthening Trend

Jakarta (Benchmark News) – KGI Securities Indonesia predicts the composite stock price index (IHSG) in trading Friday (28/10/2016) is still experiencing the uptrend.

Analyst of KGI Securities Indonesia Yuganur Wijanarko said the action of the big cap stock index purchase drivers and layers two by “Bull” has been successful against daily sales by “the House of the bears” so that the short-term trend JCI improves back and preparing to breakout above key resistance 5,470 positive momentum and made stronger.

“Today there are indexes on support inu 10,154-5310-5.240-5130 and resistant 5.470-5.525-5.608,” he said in the research.

Stock picks: (BUY: BBRI, LSIP, TLKM, WSBP)

1. Bank BRI (BBRI) (Trading target: IDR 12.550-12.750)

Technical pattern in the short and medium term improvement trend in the big cap issuers this banking makes it interesting to see accumulation in the performance expectations of future earnings in 2016-2017 with the scenario the next psychological resistance towards Ascension in Rp-Rp 12.550 12.750.

Entry (1) Rp 12.125, Entry (2) Rp 11.950, Cut loss point: Rp 11.750

2. London Sumatra (LSIP) (Trading target of Rp 1,650)

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 in medium term term accumulation, increase the potential for accumulation of rekomen next to Rp 1,650

Entry (1) Rp 1540, Entry (2) Usd 1,510, Cut loss point: Rp 1,470

3. Telecommunications (TLKM) (Trading target of Rp 4.350 4.450-)

Technical improvements in the short and medium term issuers big telco cap can be used as accumulation for the continuation of rising short and medium term next to Rp 4.350 4.450-

Entry (1) Rp 4.230, Entry (2) Rp 3867, Cut point loss: us $ 4,120

4. Clairvoyant concrete (WSBP) (BUY) (Trading Target is Rp. 600)

Pattern improvement momentum in short and medium construction ENTERPRISE issuers can be used as trading opportunity following the continuation of the next psychological resistance to increase Rp600

Entry (1) Rp560, (2) Rp540 Entry, cut loss point: Rp52…(Red)

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