IDX breakout, buy on the dip
We look at weekly opening (Monday) higher than last week (Friday) or daily gap up breakout suggest that upside momentum is back on the bull side for a reversal in fortune to yearly resistance ay 5.470. Thus we recommend adding or building positions in bip cap index drivers and second liners for a continuation of upside fireworks which had been delayed for some time.
Support: 5.310-5.270-5.160, Resistance: 5.470-5.525
Stock picks: (BUY: BMRI, LSIP, ADHI, PWON)
1. Bank Mandiri (BMRI) (Trading target: Rp.11.500-12.000)
Entry (1) Rp.11.175, Entry (2) Rp.11.075, Cut loss point: Rp.10.950
2. London Sumatra (LSIP) (Trading target Rp.1.630-1.700)
Entry (1) Rp.1.570, Entry (2) Rp.1.540, Cut loss point: Rp.1.510
3. Adhikarya (ADHI) (Trading target Rp.2.840)
Entry (1) Rp.2.690, Entry (2) Rp.2.640, Cut loss point: Rp.2.590
4. Pakuwon (PWON) (BUY) (Trading Target Rp.660-690).
Entry (1) Rp.615. Entry (2) 605, cut loss point: Rp.580
(Disclaimer) Investasi di pasar modal adalah hal yang beresiko dan dapat mengakibatkan kerugian material. Tulisan ini hanya bertujuan hanya sekedar memberikan informasi dan tidak boleh ditafsirkan sebagai ajakan atau penawaran untuk membeli dan/atau menjual efek atau instrumen keuangan lainnya. Setiap keputusan investasi yang di ambil merupakan tanggung jawab sepenuhnya investor.
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Yuganur Wijanarko Senior Research (email@example.com)