Market Update (April 28, 2017)

(OpisBoi‘s Technocopter) JCI (Indonesia Composite Index) weakened for -0.34% and set lower at 5,707.03 bps, slacked lower by Financials (-1.06), Basic Industry (-0.45) and Trade (-0.34) sectors slipped. However, 104,488,510.00 shares traded with Foreign Investors recorded a total of IDR461bn Net Purchased on Thursday’s trading sessions, across the boards. The Index left with a Doji Candle that fitted out The Bearish Harami Cross Formation which supposed to be a bearish reversal or bullish continuation’s signal. 

JCI expected to climb back up and walk along its uptrend support around 5,694 – 5,702 bps areas for the next trading days, and probe to the 61.8% retracement target at 5,810. Yet, the critical support will be at 5,675 bps and you may need to draw your stop loss as well your cut loss level at 5,640 bps.

Some of these stocks likely still have a positive momentum for (TradingBuy); ASII ADRO BBNI DOID JSMR PTBA GGRM;  but you might want to hit and run on some of these stocks (TradingSell); AKRA INDF JPFA WIKA; Foreign Investors eyed on some of these stocks; GJTL HRUM SMSM (OnScreen); BUMI BWPT BRMS SMRA PWON;


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