JCI Is Prone To Correction, There Are 3 Stock Menu To Purchase When Weak
JAKARTA - The Composite Stock Price Index (JCI) is prone to correction in today's trading. The reason is, yesterday's trading still shows a buy signal.
Citing MNC securities research, Jakarta, April 29, the JCI is expected to be at the end of wave A from wave B. Thus, the strengthening of the JCI will be relatively limited to test 6,747-6,784.
"Furthermore, the JCI will be prone to correction first to the range of 6,333-6,571," the research quoted him.
The JCI prediction is at Support 6,585-6,373. Meanwhile, resistance is in the range of 6,769-6,877.
MNC Sekuritas also has several stock recommendations for today. Here's the menu:
BBNI - Buy on Weakness
BBNI corrected 0.24% to 4.190 and accompanied by the emergence of selling pressure. We estimate that BBNI's position is currently at the beginning of the wave (iii) from the wave [a], so that the BBNI correction will be relatively limited and has the opportunity to strengthen again.
Buy On Weakness: IDR 4,060-IDR 4,180
Target Price: IDR 4,310, IDR 4,530
Stoploss: below IDR 3,950
LSIP - Buy on Weakness
LSIP rose 1.73 percent to Rp1,175 accompanied by an increase in purchasing volume. We estimate that LSIP's position is currently in part of the wave iii of the wave (c).
Buy On Weakness: IDR 1,115-IDR 1,160
Target Price: IDR 1,195, IDR 1,225
Stoploss: below IDR 1,075
SEE ALSO:
MDKA - Buy on Weakness
MDKA corrected 1.19 percent to Rp1,660 and accompanied by the emergence of selling pressure. We estimate that MDKA's position is in part of the wave [b] of wave A, so MDKA is still prone to correcting first.
Buy On Weakness: IDR 1,330-IDR 1,505
Target Price: IDR 1,765, IDR 2,040
Stoploss: under Rp1,275
PTBA - Sell on Strength
PTBA corrected 0.36 percent to Rp2,770 accompanied by the emergence of selling pressure. We estimate that PTBA's position is currently expected to be at the end of the wave v of the wave (c) of the wave [a]. This means that PTBA's strengthening will be relatively limited and prone to correction, while the PTBA correction area is estimated to be at Rp2,490-Rp2,630.
Sell on Strength: IDR 2,820-IDR 2,870