Market Update (April 25, 2017)

(OpisBoi’s Technocopter) Last Friday, JCI (Indonesia Composite Index) climbed by 1.24% and closed at 5,664.48 bps booked a total of 102,811,361.00 shares traded that day. Foreign Investors wrote down another IDR312 bn Net Bought, across the board. Having said that, with around 1.56% volatility’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 5,621-5,751 bps areas for the next trading days,  try to breach the 5,680-5,685 bps resistance level. You still need to draw your stop loss level at 5,610 bps and mark your cut loss level at 5,610 bps as well.

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