Market Update (July 13, 2017)

(OpisBoi‘s Technocopter) Bargain hunting on some heavyweight stock in Consumer sectors as well as the domestic investors nod on the mining related stocks amidst the oil price hikes, led the JCI surge by 0.79% to close at the 5,819.13 level.

Risen stocks outnumbered weakened ones by 209 to 108, while 105 others unchanged. The market booked a total of 16,667,080,057 shares or equivalent to IDR5.58tr, where foreign posted a net sell for IDR7.8bn across the board.

Should the White Marubozu which complement the Ladder Bottom formation able to drive the Indonesian Benchmark Index breach the nearest resistance level at 5,823s, then the market would be able to climb up north for the 5,840 as its next resistance.

Hence, JCI expected to walk around 5,806 – 5,862 pts areas for today’s trading sessions, yet you may need to draw your stop loss level at 5,805 pts and mark your cut loss level at 5,790 pts as well.

These stocks might still have some room for trading (TradingBuy); ASII HMSP GGRM UNVR KLBF BBRI BDMN BJBR ADRO PGAS CPIN; You should also need to watch closely on; AKRA SSMS ROTI KBLM KBLI BRPT MAIN JPFA INDY BBHI AGRO MCOR(OnScreen); BUMI HRTA BWPT BRMS DEWA PWON CTRA SMRA;

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