JCI Predicted Corrected, AMRT To TINS Recommended Buy On Weakness

JCI (Photo: Doc Antara)

JAKARTA - The Composite Stock Price Index (JCI) is predicted to be corrected again in today's trading, Wednesday, May 22. Where the JCI will move in the range of 7,072-7,396.

Quoting MNC Sekuritas research, the JCI position is expected to be corrected. Where, the JCI correction will still test 7,175.

As for today's support predictions at 7,072-7,130. Meanwhile, the resistance level is at 7,364-7,396.

Today's Stock Recommendations

AMRT - Buy on Weakness

AMRT corrected 1.43 percent to IDR 2,760 accompanied by the emergence of sales volume, the corrections also penetrated the MA60 and MA200 clusters. Currently, we estimate that AMRT's position is at the end of wave c from (b) so that AMRT corrections are relatively limited. Buy on Weakness: IDR 2,720-IDR 2,750 Target Price: IDR 2,880, IDR 2,970Stopoloss: below IDR 2,660

BRPT - Spec Buy

BRPT rose 5.42 to Rp1,265 accompanied by the emergence of purchasing volume. As long as the BRPT is still able to be above Rp1,180 as its stoploss, the position of the BRPT is at the beginning of the wave (v) from the wave [i], so the BRPT has the opportunity to continue its strengthening. Spec Buy: IDR 1,235-IDR 1,265 Target Price: IDR 1,405, IDR 1,540Stopoloss: below IDR 1,180

BULL - Buy on Weakness

BULL rose 1.46 percent to Rp139 accompanied by an increase in purchasing volume, BULL strengthening was still able to be above the MA60. As long as the BULL is still able to be above Rp126 as its stoploss, the BULL position is at the beginning of the wave (v) from wave [c]. Buy on Weakness: Rp132-Rp137 Target Price: Rp151, Rp166Stoploss: below Rp126

TINS - Buy on Weakness

TINS is corrected by 2.58 percent to Rp945 and is still dominated by sales volume. We estimate that TINS' position is currently in the part of the wave (ii) from the wave [iii], so TINS is still prone to continuing its correction first. Buy on Weakness: IDR 885-IDR 930 Target Price: IDR 1,010, IDR 1,095Stopoloss: below IDR 845