Market Update (August 3, 2017)


(OpisBoi‘s Technocopter) Amidst foreign sell off and reduce their exposures for about IDR210bn on some heavyweight stocks like; ASII BMRI TLKM HMSP GGRM UNVR and many others, JCI managed to climb for around 0.33% and closed at 5,824.25pts.

SMGR INTP surged 9.72% and 7.80% respectively, pushed the Basic Industry up by 2.11%, followed by Agribusinesses 0.92%, Properties and Infrastructures each flew by 0.71%. There were a total of 9,423,630,073 shares or equivalent to a Net Value of IDR7.03tn, traded across the board.

Takuri Line to seal the Bearish Engulfing Candle, with the %K line crosses above %D line, should recognized as a bullish reversal and should have give the opportunity for the JCI to hold on to its uptrend support at 5,812 5,815 and run for the 5,840‘s resistant levels.

Having said that, JCI expected to run around 5,812 5,844 pts areas with a stop loss level at 5,805pts and cut loss level at 5,790pts.

These stocks with a Short Buy Signal should be call for (TradingBuy); HMSP ICBP INDF LPPF SSMS SMGR INTP SMCB; You should also need to watch closely and foreign likely have interest on these stocks; ASII SMRA CPIN LPKR GJTL BJBR DOID AGRO MCOR MAPI SMSM(OnScreen); BUMI HRTA BWPT BRMS DEWA PWON CTRA SMRA;

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