Market Update (June 2, 2017)

(OpisBoi‘s Technocopter) JCI rose by 0.79% before holiday, and close at 5,738.16 pts led by Agriculture (1.96%), Mining (1.95%) and Basic Industry (1.86%). The rising stocks outnumbered the declining ones by 196 and 161, with a total of 136,031,678.00 shares traded and IDR14.2tr Net Trading Values. Foreign Investors booked a Net Sell of IDR476bn, across the board.

A Mat Hold Formation on Wednesday’s close, signaling a bullish continuation shall proceed for today’s trading session . Or at least give some room for the JCI to hold on to the 5,700 levels, with 5,690 – 5,700 taken as today’s psychological support.

Hence, by the OpisBoi‘s short-term trendicators supports, JCI was expected to walk around 5,710 – 5,765 pts head back to its plateau areas. Pay attention on some Consumer Heavyweights and Trade Sectors.

Some of these stocks still have a potential upside to cease the selling pressures, and hold the market steady (TradingBuy); ASII HMSP GGRM UNVR ICBP RALS MAPI LPPF ADRO PTBA HRUM WSKT ; Foreign Investors eyed on some of these stocks; DOID AKRA ACES BMTR ERAA SRIL(OnScreen); BUMI BWPT BRMS DEWA PWON CTRA SMRA;


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