ILLUSTRATION. JCI is forecast to strengthen, taking a closer look at the 6 stocks selected by analysts in Thursday’s trade (29/4)
Reporter: Ika Puspitasari | Publisher: I knew Laoli
KONTAN.CO.ID – JAKARTA. The Composite Stock Price Index (JCI) managed to close 0.25% at 5,974.48 levels in Wednesday’s trade (28/4). Foreign investors recorded a net sale of Rp. 474.68 billion in all markets.
Binaartha Sekuritas analyst M. Nafan Aji Gusta Utama projects that JCI has the potential to regain its strength in Thursday’s trade (29/4).
Based on the Fibonacci ratios, Nafan said, support as well resistance the maximum is 5,940.99 to 6,027.60. Based on indicators, MACD and Stochastic managed to form a model golden cross.
“On the other hand, there is a model bullish inside the bar indicating the potential for further strengthening of the JCI movement so that in the future there is a chance to resistance the closest, ”Nafan said in his research, Wednesday (28/4).
With regard to a number of stock recommendations that may be considered by investors, including the following:
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1. PT Astra International Tbk (ASII)
The price movement remains above the midline of bollinger and visible patterns inverted hammer candle indicating a potential stimulus to purchase. Nafan suggested that accumulation in the Rp level area. 5,250 – Rp. 5,350, with a target price gradually at the level of Rp. 5,550, Rp. 5,700, Rp. 5,850, Rp. 6,000, Rp. 6,650 in Rp. 7,775. Support: IDR 5,000. (RoE: 8.27%; PER: 13.72x; EPS: 399.11; PBV: 1.13x; Beta: 0.81).
2. PT Bank Negara Indonesia (Persero) Tbk (BBNI)
The share price movement tested the MA 20 line so that the chance for strengthening is minimal to the level resistance first open. Nafan recommends accumulation in the area of Rp. 5,725 – Rp. 5,825, at a target price at the level of Rp. 6,050, Rp. 6,900 in Rp. 7,950. Support: IDR 5,450. (RoE: 7.98%; PER: 11.30x; EPS: 515.60; PBV: 0.90x; Beta: 1.96).
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3. PT Delta Dunia Makmur Tbk (DOID)
The price movement remains above the bottom line of bollinger and visible patterns harami bullish candlestick pattern indicating a potential stimulus to purchase. Nafan provides advice on accumulation in the area of IDR 350 – IDR 356, with a target price of IDR 364, IDR 390, IDR 420, IDR 494 and IDR 565. Support: IDR 346 & IDR 330. (RoE: -1.73% ; PER: – 41.65x; EPS: -8.55; PBV: 0.72x; Beta: 3.16).
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