JCI Is Predicted To Strengthen Limited But Vulnerable To Correct

Illustration of stock movement (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) is predicted to strengthen slightly. However, JCI is prone to correction in today's trading.

Quoting MNC Sekuritas research, Friday, May 5, the JCI movement will be supported by 6,764-6,735 and resistance 6,961-6,987.

If you see the JCI movement closed up 0.5 percent to 6,844 and accompanied by the emergence of the volume of purchases.

Thus, the strengthening that occurs is expected to tend to be limited to test the area range of 6,855-6,897 first.

As long as the JCI has not been able to penetrate 6,971 as its resistance, the JCI is prone to correction to the area range of 6,673-6,705.

Today's Stock Menu

ASII - Buy on Weakness ASII closed corrected 0.4 percent to 6,600 accompanied by an increase in sales volume. As long as ASII has not been able to break resistance at 6,775, ASII's position is currently still part of the wave (iv) from the wave [c], so ASII is still prone to corrections and can be used for BoW. Buy on Weakness: 6,425-6,550 Target Price: 6,900, 7,025Stopoloss: below 6,300

ASSA - Buy on Weakness ASSA closed up 5.9 percent to 985 accompanied by an increase in purchasing volume. ASSA's position is currently expected to be part of the wave (iii) from the wave [iii], so ASSA still has the opportunity to continue strengthening it. Buy on Weakness: 915-970 Target Price: 1,045-1,125Stoploss: below 890

BRPT - Spec Buy BRPT closed corrected 1.2 percent to 810 and is still dominated by selling pressure. It is estimated that the position of BRPT is currently at the end of wave iv from wave (c) from wave [b]. This means that the BRPT correction is estimated to tend to be limited and has the opportunity to strengthen again. Spec Buy: 795-810 Target Price: 845, 875Stopoloss: below 790

MYOR - Buy on Wealth MYOR closed up 1.5 percent to 2,650 accompanied by the emergence of an increase in purchasing volume. As long as MYOR is still able to stay above 2,520 as its stoploss, then MYOR's position is currently expected to be in the wave (c) part of the wave [b] on the triangle pattern. Buy on Weakness: 2,590-2,630 Target Price: 2,720, 2,750Stopoloss: below 2,520