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Daily technical 27-09-2016 (english version)

More downside as a buying opportunity for October rally

We look that in an event of further downside by bears selling on back of regional volatility and overbought conditions which may bring us to the daily lows of 5.280 and 5.180 as an opportunity to buy big cap index drivers and second liner for joining the bull camp in an October rally to back beyond 5.400.

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


Stock picks: (BUY: BMRI, ANTM, TLKM, ASRI)

1. Bank BRI (BBRI) (Trading target: Rp.12.250)

Entry (1) Rp.11.850, Entry (2) Rp.11.550, Cut loss point: Rp.11.450


2. Aneka tambang (ANTM) (Trading target Rp.710)

Entry (1) Rp.645, Entry (2) Rp.625, Cut loss point: Rp.615


3.  Telekomunikasi (TLKM) (Trading target Rp.4.250)

Entry (1) Rp.4.130, Entry (2) Rp.4.090,  Cut loss point: Rp.4.050


4. Alam Sutera (ASRI) (BUY) (Trading Target Rp.485)

Entry (1) Rp.466, Entry (2) Rp.456, cut loss point: Rp.446



Disclaimer: This document has been prepared by PT.KGI Sekuritas Indonesia.  The information has been compiled from public source, which we believe to be reliable but no representation or warranty, express or implied is made as to accuracy, completeness or fairness of the information and opinions contained in this document. Information and opinion contained herein are used to assist recipients, but are not to be relied upon as authoritative or taken in substitution for the exercise of judgment by any recipients as of this date. Any opinion and expressed in this report are subject to change without notice and PT. KGI Sekuritas Indonesia is not under obligation to update or keep current the information contained herein. This report is not, and should not be construed as, an offer or solicitation to buy or to sell any securities. PT. KGI Sekuritas Indonesia accepts no liabilities whatsoever for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on any statement or omission in any information contained in this report. No part of this report may be produced, distributed or published without the written permission of PT. KGI Sekuritas Indonesia. All rights reserved


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

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