JAKARTA: The following are recommendations from stock brokerages:
Today, It is better to be calm to take ‘buy’ position in the high price unless the stocks are strong recommended buy. In accordance with the reversal, it may form the reversal pattern, double bottom or ABC, so there are still opportunities for BOW.
Stocks to watch: TLKM, TSPC, and INDF.
Yesterday, the net foreign noted net sell in the regular market for IDR496.13 billion with the most wanted shares including ASII, SMGR, BBRI, BMRI, and ADRO.
Minna Padi Investama
Today the index is expected to stay above the support level of 4,001. We can closely watch on blue chips stocks which are already in oversold condition. Stock options for today’s trading are ASII, BBRI, and BMTR.
JCI has a potency to rebound as it closed above the Dynamic Pivot (4,038). But the increase is still very limited ranging between 4007 and 4077 due to the volume of transactions which was only 0.51 times from the average of 22 days.
Stocks to watch: JSMR, SSIA, PGAS, BBRI, SMGR and HRUM.
Based on technical analysis, the index today is expected to move mixed with a strong tendency in the range 4,010-4,070. Stocks that may be considered for day trading are HRUM, PGAS, PTBA, and BSDE.(T03)