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HeaDstart 23-09-2016 (english version)

Fed Eurphoria Over, now wait for the drop

We look at the fading of Fed expected no rate hike rally to give way for another round of selling by the bear camp to send the index below the 5.300 recommend buying into big cap index drivers and second liner items for another of major upside fireworks.

Support: 5.280-5.180-5.130-4.980, Resistance: 5.470-5.525-5.625


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

1. Bank Mandiri (BMRI) (Trading target: Rp.11.800)

Entry (1) Rp.11.100, Entry (2) Rp.10.800, Cut loss point: Rp.10.200


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

Entry (1) Rp.1.140, Entry (2) Rp.1.110, Cut loss point: Rp.1.080


3.  Waskita Beton (WSBP) (Trading target Rp.540)

Entry (1) Rp.490, Entry (2) Rp.470,  Cut loss point: Rp.450


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

Entry (1) Rp.2.130, Entry (2) Rp.2.060, cut loss point: Rp.2.010



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 Yuganur Wijanarko Senior Research (yuganur.wijanarko@kgi.com)

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