Market Update (June 22, 2017)

(OpisBoi‘s Technocopter) As major Asian Indexes Mixed ahead on MSCI decision to include China A-Shares in the MSCI Emerging Market Index, JCI soared by 0.46% and climbed to 5,818.55. There were 3 out of 4 big banks (BBCA, BBRI & BMRI), along with UNVR, ICBP, and 107 others managed to add 26.45 pts to the Indonesia Benchmark Index as they edge up by 0.55%, 2.17%, 1.39%, 1.55%, 0.28% respectively. Even when the shakers outnumbered the movers by 221 and 112, while 131 other stocks remain unchanged.

Foreign investors themselves booked a total net purchase by IDR194bn in the regular board, push the infrastructure sector for 1.03% higher. There were IDR9.79tr total value of 17,517,982,988 shares traded, last Wednesday.

The Upside Gap of the Two Crows at the peak of the Stochastic Indicator signaling a weak bullish continuation is shaping up. Should the market unable to penetrate 5,820-5,825s resistance, a breakout trend line over the positive crossover able to hold the JCI in its 5,800s before the coming long holidays.

Hence, set the stop-loss support at 5,755 level whilst the JCI expected to walk around 5,801-5,848 areas this Thursday.

These stocks might still have some room for trading (TradingBuy); LSIP SSMS PGAS INDF LPKR BHIT MNCN SCMA TLKM BJTM BNGA; You might also want to look up for these stocks (Foreign Accumulated); GJTL WTON WSBP SMBR ERAA MAPI MYOR PNLF;(OnScreen); BUMI HRTA BWPT BRMS DEWA PWON CTRA SMRA;


Comments are closed.

Powered by

Up ↑

%d bloggers like this: