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  Equity Research HeadStart Today
HeaDstart 21-09-2016 (english version)

Bears dream on

We look at the recent buying by the bull camp in big cap index drivers and second liner items to offset selling by the bear camp on regional volatiliy and ward off further downside to 4.900, thus it seems that bears may dream on for another corretive move while bulls take action and rally the index to 5.410-5.470

Support: 5.310-5.270-5.210-5.080-4.980, Resistance:5.410-5.470-5.525


Stock picks: (BUY: BMRI, ADRO, TLKM, BSDE)

1. Bank Mandiri (BMRI) (Trading target: Rp.11.700-11.950)

Entry (1) Rp.11.275, Entry (2) Rp.11.175, Cut loss point: Rp.10.950


2. Adaro Energy (ADRO) (Trading target Rp.1.220-1.270)

Entry (1) Rp.1.160, Entry (2) Rp.1.140, Cut loss point: Rp.1.120


3.  Telekomunikasi (TLKM) (Trading target Rp.(4.350)

Entry (1) Rp.4.180, Entry (2) Rp.4.090,  Cut loss point: Rp.3.990


4. Bumi Serpong Damai (BSDE) (BUY) (Trading Target Rp.2.250)

Entry (1) Rp.2.120, Entry (2) Rp.2.080, cut loss point: Rp.2.010


(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 (yuganur.wijanarko@kgi.com)

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