Market Update (May 30, 2017)


(OpisBoi‘s Technocopter) Indonesia Stocks end lower on Monday’s close. JCI weakened by -0.08% and slipped to 5,712.33 pts, as paired losses from Infrastructure, Property and Consumer sectors which led them low.

Falling stocks outnumbered the declining ones by 182 vs 156, the rest remained in the same level. The market itself, booked a total of 339,089,681.00 shares traded whilst foreign investors recorded a net selling number of IDR6.48tr across the board.

Ain Upside Tasuki Candle at 38.14% Stochastic s’ Oversold Trading, indicates that the JCI is trying to maintain its position at 5,700s as it was yesterday. Thus for today’s trading sessions, with base on the OpisBoi‘s short-term trendicators where the volatility was around 3.6% on the last 5 trading days JCI expected to walk within the same range as the last Monday or around 5,705 – 5,745 pts areas. And with the possibility to breach the 5,743 – 5,747 resistance. Still, we have to maintain our stop loss support level at 5,690 pts and mark the cut loss level at 5,650 pts as well.

Some of these stocks still have a potential upside to cease the selling pressures, and hold the market steady (TradingBuy); TLKM ASII BBCA BBNI HMSP KLBF RALS MAPI ADRO PTBA UNTR HRUM ; Foreign Investors eyed on some of these stocks; AALI LSIP DOID BSDE MPPA ACES SRIL SMSM MAIN JPFA(OnScreen); BUMI BWPT BRMS DEWA PWON CTRA SMRA;

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