Good Morning,
JKSCI did a roller coaster ride yesterday! It sold down rapidly in early trading and recover on strong volume to close near the High!
So will there be more potential upside? Good chance… But Do expect sellers may try another round of profit taking first towards the end of the day.
Trading Plan:
- Expect profit taking on JKSCI due to W% near extreme
- Long Indonesia stocks as long as JKSCI is trading above 2416 (SC) and above OP
- One may want to consider taking some profit should JKSCI trade below 2409 (LB) and below OP
Stocks Pick based on Diff
- Astra Agro Lestari (AALI): Above 20650
- Bakrie & Brothers (BNBR): Above 133
- Bakrie Sumatra Plantations: Above 880
- Energi Mega Persada (ENRG): Above 375
- Gudang Garam (GGRM): Above 14250
- Indofood Sukses Makmur (INDF): Above 2725
- International Nickel (INCO): Above 4250
- Medco Energi International (MEDC): Above 2925
- Sampoerna Agro (SGRO): Above 1990
- Unilever Indonesia (UNVR): Above 10650
Stocks on Watch List
- Bank Danamon (BDMN): Above 4500
- BISI International (BISI): Above 2050
- Elnusa (ELSA): Above 354
- Jasa Marga (JSMR): Above 1840
- Timah (TINS): Above 2175
- United Tractors (UNTR): Above 13950
Good Luck!
CK
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