Bull fortifies legs for run up to 5.410-5.470
We look at the recent selling by the bear camp to be contained by bulls adding positions in big cap and index drivers as an attempt to fortify legs for supporting another round of upside fireworks to break short term resistance at 5.410 and yearly high at 5.470. Thus recommend joining in the fray up snapping more bargains out there.
Support: 5.310-5.220-5.160, Resistance: 5.410-5.470-5.525
Stock picks: (BUY: BJTM, TINS, ASII, BKSL)
1. Bank Jatim (BJTM) (Trading target: Rp.590-620)
Entry (1) Rp.560, Entry (2) Rp.540, Cut loss point: Rp.525
2. Tambang Timah (TINS) (Trading target Rp.850)
Entry (1) Rp.800, Entry (2) Rp.790, Cut loss point: Rp.775
3. Astra International (ASII) (Trading target Rp.8.550-8.650)
Entry (1) Rp.8.300, Entry (2) Rp.8.200, Cut loss point: Rp.8.050
4. Bukit Sentul (BKSL) (BUY) (Trading Target Rp.115-210)
Entry (1) Rp.102. Entry (2) 98, cut loss point: Rp.92
(Disclaimer on) 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)