Market Update (May 24, 2017)

(OpisBoi‘s Technocopter) JCI was shrunk by -0.33% and closed slightly below its psychological support (5,745-5,749) at 5,730.61 pts, haled down by Basic Industry and Manufacture which were blown away by -1.24% and -1.22% respectively.

There were 212 shares skidded outnumber the risen ones around 128 stocks. Foreign Investors recorded a total Net Purchased of IDR229bn across the board, whilst the market are making IDR7.38tr from 102,935,327.00 shares traded that day.

Should the last candle at the 51.56% Overbought Stochastics‘ Trading Zone forming a Tweezers Top, JCI will have some space and opportunities in heading back to its resistance at 5,754 – 5,774 areas. Having said that, with around 5.3% vollatility’s – in the last 5 trading days with a Trading Buy calls on the OpisBoi’s short-term trendicators. JCI expected to walk around 5,710 – 5,795 pts, with 5,690 as the stop loss and cut loss as well.

Some of these stocks still have a potential upside to cease the selling pressures, and hold the market steady (TradingBuy); ASII BBCA PGAS ADRO PTBA UNTR ITMG WSKT CPIN JPFA; Foreign Investors eyed on some of these stocks; BSDE BNGA BJTM LPKR BEST LPPF WSBP(OnScreen); BUMI BWPT BRMS DEWA PWON CTRA SMRA;


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