Market Update (May 15, 2017)


(OpisBoi‘s Technocopter) Last Friday, JCI slightly climbed by 0.39% to 5,675.22 pts with a total of 107,726,528.00 shares traded. With Agriculture (1.66%), Consumer (0.62%) and Infrastructure (0.56%), along with 6 other sectors, managed to pull the index away from the selling tensions in 3 consecutive days.

There were 191 stocks soared, with Foreign Investors posted another IDR1.18tr of Net Bought where AALI HMSP GGRM TLKM UNVR hunted down, across the board. Whilst 157 stocks weakened and 98 were traded, yet remained in the same level.

 

Homing Pigeon Candle at the 35.58% stochastic’s oversold trading level, may provide the JCI an opportunity to run for the 5,705 resistance or to start this trading week with a positive wave. JCI expected to walk around 5,687-5,718 pts areas for this Monday, and a stop loss level at 5,670 pts.

Some of these stocks still have a potential upside to cease the selling pressures, and hold the market steady (TradingBuy); HMSP TLKM UNTR PGAS ADRO PTBA ADHI WSKT; Foreign Investors eyed on some of these stocks; PNBN BJTM AGRO ERAA MPPA LPCK KIJA(OnScreen); BUMI BWPT BRMS PWON SMRA;

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