Trading Idea 29 Mei 2017

Senin, 29 Mei 2017

JCI (5,716.815 ; +13.382 pts ; +0.23%)
JCI rebounded with low volume, up by 13.382 points (+0.23%) with net foreign flow was recorded at -Rp 3.87 bio. As long as the foreign flow did not continue, JCI would struggle to continue its rally, since the S&P rating upgrade has already discounted in the current price. We expect JCI will still seeking a good momentum to continue its rally, starting with consolidation then going up. Strategy was still the same: buy on weakness on blue chip stocks and speculative buy on some rebound stocks.

*Market Indicator*

DJIA 21080 -2.7 -0.01%
Nasdaq 6210 +4.9 +0.08% 
S&P 500 2416 +0.8 +0.03%

FTSE 7548 +29.9 +0.40%
DAX 12602 -19.5 -0.15%
CAC 5337 -0.5 -0.01% 

Indo 10-Yr 6,92 -0.009 -0.13%
US 10-Yr 2,250 -0.000 -0.00%
EIDO 26.79 -0.12 -0.45%
WTI Oil 49.80 +0.90 +1.84% 
USD/IDR 13.294 +12 +0.09%


Stock Pick:
• BBTN (2,500 – Buy)
As reccomended before, BBTN was still a good stock to acquire. Currently was trying to break its short term support of 2,510. 
Buy at : 2,500
Target : 2,650 
Stop loss : 2,390

• BNGA (1,275 – Speculative buy)
After reaching its highest at 1,360, BNGA went on consolidation period. With the current volume keep going small, chances are it’s going to break its sideways period and attempting to break its all time high, one more time.
Speculative buy at: 1,275
Target : 1,360
Stop loss : 1,190


• JPFA (1,210 – Speculative buy)
Sign of hope. JPFA rebounded after one week down, indicating the sign of hope to start its short term uptrend, on the back of upcoming Lebaran.
Speculative buy at: 1,210-1,230
Target : 1,400
Stop loss : 1,100


• RALS (1,250 – Speculative buy)
Another stock pick for the upcoming Lebaran. Declining from its one month top of 1,420 and reaching highest price decline in 24 May (dividend distribution), RALS rebounded from MA200, however, with slightly lower volume than its decline volume in 24 May. A rebound is a rebound. With limited risk of breaking its MA200 of 1,230, this stock is interesting to speculate buy.
Speculative buy at: 1,250
Target : 1,350
Stop loss : 1,200


• WIKA (2,320 – Buy on Weakness)
After fail attempt to break 2,430 (sign of new uptrend), WIKA was going on consolidation period, corrected its near 200 points increase. Currently was traded near its fibo 50% of 2,300.
Speculative buy at: 2,270 – 2,300
Target : 2,430
Stop loss : 2,190

Watchlist : BMRI, BJBR, KAEF, NIKL

Disclaimer ON
*ED/A | Miare Asset*

Labels: Berita Saham

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