Home » Business » Before Trading, Check Out Today’s Stock Recommendations!

Before Trading, Check Out Today’s Stock Recommendations!

Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) at the close of trading at the beginning of Monday (16/11/20) closed in the green zone, up 0.62% at 5,494.87 level.

Trade data noted that foreign investors made net selling of Rp 524.84 billion in the regular market with a transaction value of Rp 10 trillion.

Domestically, Indonesia’s trade balance in October 2020 posted a large surplus of over US $ 3 billion. This is because imports have fallen very deeply.


BPS reported that the export value was US $ 14.39 billion while imports were US $ 10.78 billion. This means that the trade balance recorded a surplus of US $ 3.61 billion. Compared to October 2019 (year-on-year / YoY), exports fell by 3.29%. Meanwhile, imports fell 26.93%.

Meanwhile, from the global market, the good news for global capital markets came after the incumbent US President Donald Trump officially admitted his defeat, although he still insisted that he was cheated.

In his tweet, Trump said that “He (Biden) won because the presidential election was rigged”. However, in subsequent tweets Trump again said that “We’re going to win.”

The taunt was interpreted as a recognition of Biden’s victory which opened the door to the possibility that the political conflict would not be as high as previously thought.

Before today’s trading opens, Tuesday (17/11), the following stocks are selected as a number of securities:

Artha Sekuritas – IHSG Will Still Get Strong

The JCI is predicted to strengthen even though it is still overshadowed by many positive sentiments from abroad regarding the Covid-19 vaccine. Meanwhile, domestic investors are quite optimistic about Bank Indonesia’s prediction, which estimates that fourth quarter GDP will grow positively. On the other hand, investors still need to pay close attention to the number of Covid-19 cases in Indonesia, which is rising rapidly again.

Preferred stocks:

MNCN

TINS

BSDE

PTPP

Reliance Sekuritas Indonesia – Motion Index Weight

Technically, JCI formed a consolidated pattern with bearish doji star that is being tested resistance (upper limit). Indicator stochastic move bearish potency dead-cross in the area overbought.

MACD indicator is moving bearish with a decreasing histogram divergence with MACD and signal line. ADX indicator increasingly signals saturation of the short term positive trend. so it is estimated that the JCI will tend to be heavy.

Preferred stocks:

ADRO

ANTM

ERAA

HRUM

MNC Sekuritas – IHSG Vulnerable to Correction

As long as IHSG has not been able to penetrate resistance the closest is at 5,520, then the JCI movement is still vulnerable to correction to form wave iv from wave (v) of wave [iii]. The JCI correction level is in the area of ​​5,350-5,412. On the contrary, if the JCI was able to penetrate resistance 5,520, then the JCI has now completed wave iv (red) and is forming wave v of wave (v) of wave [iii] to area 5,600.

Preferred stocks:

MIKA

INCO

INDY

Samuel Sekuritas Indonesia – Still Consolidating Index

JCI closed gap around 5,500, and now continuing to consolidate. Candle-candle doji that formed still shows doubts about the direction of the market this week.

Preferred stocks:

EXCL

BSDE

SSIA

LANGUAGE

[Gambas:Video CNBC]

(bag bag)


– .

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.