Market Update (April 21, 2017)

(OpisBoi’s Technocopter) On yesterday’s trading sessions, JCI (Indonesia Composite Index) weakened for -0.20% and sagged to 5,595.31 bps booked a total of 109,935,911.00 shares traded. Foreign Investors wrote about IDR394.98bn Net Bought, on the Regular Board. Having said that, with around 1.49% vollatility’s – in the last 5 trading days whilst showing a Hold/Trading recommendation based on most of the OpisBoi’s short-term trendicators. JCI expected to walk around 5,526-5,629 bps areas for the next trading days due to lack of news and sentiment. You may need to draw your stop loss level at 5,530 bps and mark your cut loss level at 5,440 bps as well.

Continue reading “Market Update (April 21, 2017)”

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Market Update (April 20, 2017)

(OpisBoi’s Technocopter) In the yesterday’s trading sessions, JCI (Indonesia Composite Index) surge by 0.52% and climbed to 5,606.52 bps booked a total of 23,356,795.00 shares traded that day. Having said that, with around 1.49% vollatility’s – in the last 5 trading days with also showing a TradingSell recommendation based on most of the OpisBoi’s short-term trendicators. JCI expected to walk around 5,526 – 5,629 bps areas for the next trading days. Should a Ladder Bottom Formation (a bullish reversal signal), might be giving an opportunity for the JCI heading further north to reach the 5,650 bps its uptrend resistance and to become the base support once again. The critical support will be at around 5,609 – 5,612 bps, yet you may need to draw your stop loss level at 5,530 bps and mark your cut loss level at 5,440 bps if the JCI fail to hold on to its critical support.

Continue reading “Market Update (April 20, 2017)”

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