JCI will be corrected today, we recommend that you monitor the following stocks

Reporter: Avanty Nurdiana | Editor: Avanty Nurdiana

KONTAN.CO.ID – JAKARTA. The Jakarta Composite Index (JCI) today (14/8) has the potential to be corrected. JCI was successfully closed up 0.11% at the level of 5,239.25 on Thursday, August 13, 2020.

Nafan Aji Analyst of Binaartha Sekuritas explained that today’s JCI movement based on the MACD indicator showed a positive signal. Nevertheless, stochastic and RSI are starting to show overbought or overbought.

Also Read: JCI Strengthens, Foreigners Change Attitudes, Buy BBRI and BBCA, Sell TOWR and MDKA

On the other hand, today’s movement shows a shooting star candle pattern which indicates a potential for a reasonable correction to the JCI movement so that it has the opportunity to go to the nearest support. According to Nafan, today’s JCI movement based on the Fibonacci support and resistance ratios is at 5,172.37 – 5,293.98.

There are a number of share recommendations that investors can consider, including the following.

1. Astra Agro Lestari (AALI). You can see a shooting star candle pattern which indicates the potential for profit taking on stock price movements. Nafan suggested, sell on strength in the area of ​​Rp. 10,150 – Rp. 10,425, with a target price at the level of Rp. 9,600. Resistance is at IDR 10,750.

Alam Sutera Realty (ASRI). ASRI stock price movement has tested the MA 10 line so that the chance for a minimal strengthening to the first resistance level is wide open. Accumulated purchases at the level of Rp. 115 – Rp. 119, with a target price gradually at the level of Rp. 124, Rp. 144, Rp. 164 and Rp. 182. Support is at Rp. 113 and Rp. 103.

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Also Read: After a 4-day rally, JCI is prone to profit taking on Friday (14/8) trading tomorrow

3. Charoen Pokphond Indonesia (CPIN). The CPIN stock price movement has tested several MA 10 and MA 20 lines so that the chance for a minimal strengthening to the first resistance level is wide open. Accumulated purchases in the area of ​​Rp. 6,075 – Rp. 6,175, with a target price gradually at the level of Rp. 6,500 and Rp. 6,800. Support is at Rp. 6,075 and Rp. 5,900.

4. Indomobil Sukses International (IMAS). IMAS stock price movements have tested several MA 10 and MA 60 lines so that the chance for a minimal strengthening to the first resistance level is still wide open. The accumulated purchase of IMAS is at the level of Rp. 610 – Rp. 620, with a target price gradually at the level of Rp. 650, Rp. 745, Rp. 840 and Rp. 940. Support is at Rp. 595 and Rp. 550.

5. Lippo Karawaci (LPKR). LPKR’s stock price movement has tested the MA 10 line so the chance for a minimal strengthening to the first resistance level is still wide open. Accumulated purchases at the level of Rp. 136 – Rp. 139, with a target price in stages at Rp. 146, Rp. 168, Rp. 190 and Rp. 212. Support is at Rp. 123.

Also Read: JCI edged higher, these were stocks that were widely collected by foreigners, Thursday (13/8)

6. Precast Concrete Clairvoyant (WSBP). The WSBP price movement is still holding above the lower line of the bollinger and a spinning top candle pattern is seen which indicates a potential buying stimulus. Accumulated purchases at the level area of ​​Rp. 167 – Rp. 170, with a target price gradually at the level of Rp. 175, Rp. 185, Rp. 208 and Rp. 232. Support is at Rp. 167, Rp. 162 and Rp. 156.

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