Market Update (June 19, 2017)


(OpisBoi‘s Technocopter) Ahead of coming Iedul Fitri’s Holiday, the rest of this week’s trading sessions will likely be shallow and choppy. As we seen last week the JCI ends lower to 5,723.64 pts, shrunk -0.91% as most market participants cashed out their gains and pushed the misc-industry, basic-industry index down by -1.70% and 1.05% respectively.

On the flip side, Foreign Investors were recording a net purchase by IDR200bn across the board among 92,968.76mn shares traded. Weakened stocks outnumbered the rising ones by 208 and 128.

This Evening Doji Star could be a bearish reversal of an upward attempt of the JCI, or restrain the market within its distribution area at 5,745 – 5,790. Having said that, with around 2.3% volatility’s – in the last 5 trading days, JCI expected to walk around 5,705 – 5,780 pts with 5,690 as the stop-loss level.

These stocks might still have some room for trading (TradingBuy); BMRI BJTM INCO INDF ICBPForeign Investors eyed on some of these stocks; MAPI AGRO PNLF KAEF INAF MIKA TINS BFIN SSIA TOTL(OnScreen); BUMI BWPT BRMS DEWA PWON CTRA SMRA;

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