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.

Some of these stocks likely still have a positive momentum for (TradingBuy); ASII INDF CPIN JPFA SMGR;  but you might want to hit and run on some of these stocks (TradingSell); SMBR KAEF; Foreign still watch on these stocks; BBTN PTBA MYOH INTP INAF (OnScreen); BUMI BWPT SMRA PWON;


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