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.

Some of these stocks likely still have a positive momentum for (TradingBuy); AALI BMRI BBNI ICBP LSIP ADHI WIKA WSKT;  but you might want to hit and run on some of these stocks (TradingSell); CTRA PTPP DOID; Foreign still watch on these stocks; LPKR BSDE KIJA (OnScreen); BUMI BWPT SMRA PWON;

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