After Christmas Holiday, JCI Potentially Rally to Position 6.250
By : Abraham Sihombing And Aldo Bella Putra | Wednesday, December 27 2017 - 22:00 IWST
Pengunjung mengamati papan elektronik yang memperlihatkan pergerakan IHSG di gedung BEI (Foto Rizki Meirino)
INDUSTRY.co.id - Jakarta - Composite Stock Price Index (IHSG) Indonesia Stock Exchange (BEI) is predicted to break the level of 6,250 in today's trading after penetrating to position 6.221 on Friday (22/12/2017).
"Technically, JCI movement has undergone consolidation and minor correction in an effort to ease overbought condition," said Yuganur Wijanarko, an analyst at PT KGI Sekuritas Indonesia in Jakarta (27/12/2017).
Yuganur argued, the condition is encouraging the creation of conducive conditions for the JCI to continue trying to reach the point of resistance in the level of 6,250 post-Christmas holidays this year.
Therefore, according to Yuganur, there is an opportunity for JCI to rise in today's trading can be used by market players to accumulate preferred stocks.
Meanwhile, Yuganur recommends BUY to PT Astra International Tbk (ASII) shares, PT Adaro Energy Tbk (ADRO), PT Pembangunan Perumahan Tbk (PTPP) and PT Waskita Beton Precast Tbk (WSBP).
Yuganur explained that ASII and ADRO each potentially reach the price range Rp8.425-8.525 and Rp2.050-2.250 per unit. ASII may be purchased at a price range of Rp8,125-7,925 per unit and ADRO in the range of Rp1,865-1,815 per unit.
"However, ASII and ADRO better be sold back to the market if their prices reach Rp7.825 per unit and Rp1.785 per unit," said Yuganur.
Yuganur said, PTPP and WSBP each may be collected at a price range Rp2.570-2.470 and Rp392-382 per unit. But if the price of PTPP has reached Rp2,370 per unit and WSBP to the position of Rp372 per unit, then the two shares may be sold back to the market to reduce the existing loss (cut-loss).
"PTPP and WSBP deserve to be accumulated because each price has the potential to reach the range of Rp2.800-3.000 per unit and Rp415-425 per unit," concluded Yuganur. (Abraham Sihombing)