Posted by: admin 5 years, 1 month ago

(Comments)

The Composite Stock Price Index (IHSG) managed to close up 0.56% at the level of 6,413.27 on March 14, 2019.

Friday (3/15), the JCI still managed to recover the two-day increase that had been successfully helped before.

Binaartha Sekuritas Analyst Muhammad Nafan Aji Gusta Utama said, based on indicators, MAC Directs a negative area. Meanwhile, Stochastic and RSI are in the neutral area. "Nonetheless, there is a long pattern of waxy white marubozu which indicates a potential bullish continuation on the JCI movement which is likely to lead to the resistance area," Nafan said in the study yesterday.

READ ALSO

The IHSG increased strongly driven by positive domestic sentiment

Election, investment in Royal Investium shares for investors

JCI is predicted to still be waiting for reinforcement yesterday

JCI rebounded to above 6,400 levels. 
Based on the daily pivot from Bloomberg, the first and second ranges supported have 6,386.40 and 6,359.53. Meanwhile, the first and second resistance ranges from 6,426.70 and 6,440.13.

Regarding the assessment that can be considered by investors, including the following:

• INDF: Price movements still hold above the bottom line of Bollinger and a pattern above the bar is seen which indicates the potential for buying stimulus. "Purchase Accumulation" in the area of ​​7,000-7,100, with a target price in stages at levels 7,225 and 7.375. Support: 6,975 & 6,900.
• MNCN: At the moment the price movement holds above the lower line of the bollinger and there is a bullish pattern rotating above the candle caused by the potential stimulus. "Buy Accumulation" in the area of ​​810–830, with a target price in stages at levels 845, 860, 920, 980 and 1.040. Support: 800.
• PTBA: Price movements are still holding above the lower line of the bollinger and there is a bullish pattern on the star candle which indicates a potential stimulus to buy. "Purchase Accumulation" at the level of 3,960-4,020, with price targets gradually at 4,060, 4,130 and 4,160. Support: 3,960 & 3,930.
• 
  SHIP: Price movements still hold above the lower line of the bollinger and a bullish pin bar pattern that indicates the potential for buying stimulus is seen. "Purchase Accumulation" in the 760–800 level area, with a target price in stages at levels 810 and 830. Support: 760 & 750.
• TLKM: At the moment the price movement holds above the lower line of the bollinger and there is a bullish pattern inside the bar that shows the potential for a buy stimulus. "Buy accumulation" in the area of ​​3,700–3,740, with a target price in stages at the levels of 3,880, 4,200 and 4,510. Support: 3,640.
• UNTR: The price movement is still holding above the lower line of the bollinger and previously seen a bullish hammer pattern reversed which indicates the potential for buying stimulus. "Purchase Accumulation" at the area of ​​25,875-26,755, with the price target gradually at 26,400, 26,775, 27,675 and 28,550. Support: 25,875 & 25,675.

• Tags:
• financial,
• stock market

• ← Brexit's uncertainty dragged down the exchange rate of rupiah
• ISAT is doing asset expansion, however they need to overlook their financial capital as well. →