Market Update (May 16, 2017)


(OpisBoi‘s Technocopter) A sluggish market on Monday, amidst concern on a ransomware attack so called Wanna Cry. JCI took a mild breather on its first trading sessions, dropped for almost -0.5% came near to the 5,635s uptrend support. Was dragged down by Infrastructure retreated for about -0.9% followed with Manufacture (-0.39%) and Consumer (-0.19%) sectors.

Yet, JCI was well-grounded on the closing bell and barely climbed for 0.24% to 5,688.87 pts as risk averted when foreign investors hunting for some heavy weight stocks; BBCA UNVR ASII BBRI and BMRI which soar respectively 1.38%, 2.56%, 0.28%, 1.96%, and 1.04% posted a total IDR575.25bn Net Purchase on a regular board. There were 147 stocks gains, 184 weakened and 121 others were traded with an unchanged price.

A Southern Doji Candle which formed at 48.03%, wherein climbed from the 35.58% oversold level indicates that the market likely to proceed heading north to its 5700s. Therefore, JCI expected to walk around 5,677-5,722 pts with 5,635 as critical support and a cut-loss level should be at 5,609.

Some of these stocks still have a potential upside to cease the selling pressures, and hold the market steady (TradingBuy); HMSP ASII KLBF UNTR ADRO PTBA MEDC ADHI WIKA WSKT; Foreign Investors eyed on some of these stocks; PNBN BJTM AGRO BBKP TSPC SIDO(OnScreen); BUMI BWPT BRMS PWON CTRA SMRA;

Advertisements

Comments are closed.

Powered by WordPress.com.

Up ↑

%d bloggers like this: