JCI predicted to strengthen, see stock recommendations for trading Wednesday (7/4)

Reporter: Ika Puspitasari | Editor: Herlina Kartika Dewi

KONTAN.CO.ID – JAKARTA. The Jakarta Composite Index (JCI) strengthened 0.54% to 6,002.77 levels on Tuesday (6/4) trading. M. Nafan Aji Gusta Utama, Binaartha Sekuritas analyst predicted that JCI still has the potential to regain its strength in trading Wednesday (7/4).

Based on the Fibonacci ratios, the minimum support and resistance are at 5,940.99 to 6,054.36. Based on the indicator, MACD is still showing a negative signal.

“Even so, Stochastic and RSI are starting to be in a neutral area. The JCI movement has tested the MA 60 line earlier so that the chance for a minimal strengthening to the resistance level is still wide open,” Nafan said in his research, Tuesday (6/4).

Also Read: The JCI is predicted to continue strengthening on Wednesday (7/4), this is the reason

A number of share recommendations that can be considered by investors include the following:

1. PT Astra International Tbk (ASII)

The price movement remains above the bottom line of the bollinger and a spinning top candle pattern is seen which indicates a potential buying stimulus.

Nafan recommends accumulation at the level of Rp. 5,200 – Rp. 5,400, with a target price in stages at the level of Rp. 5,550, Rp. 5,700, Rp. 5,850, Rp. 6,000, Rp. 6,650 and 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 Central Asia Tbk (BBCA)

The price movement remains above the lower line of the bollinger and a bullish pin bar pattern is seen which indicates a potential buying stimulus.

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Nafan suggests accumulation in the area of ​​IDR 30m400 – IDR 30,900, with a target price gradually at the level of IDR 31,450, IDR 33,200, IDR 34,050, IDR 37,600 and IDR 39,050. Support: IDR 29,000. (RoE: 14.69%; PER: 27.72x; EPS: 1,111.93; PBV: 4.07x; Beta: 0.93).

3. PT Indofood CBP Sukses Makmur Tbk (ICBP)

The stock price movement has tested the MA 20 line so that the chance for a minimal strengthening to the first resistance level is still wide open.

Nafan provides recommendations for accumulation at the level of Rp. 8,775 – Rp. 8,825, with a target price gradually at the level of Rp. 8,900, Rp. 9,200 and Rp. 9,500. Support: IDR 8,775 & IDR 8,675. (RoE: 13.09%; PER: 15.68x; EPS: 562.98; PBV: 2.05x; Beta: 0.26).

4. PT Indika Energy Tbk (INDY)

The stock price movement has tested the MA 120 line so that the chance for a minimal strengthening to the first resistance level is still wide open.

Nafan provides recommendations for accumulation at the level of Rp. 1,435-Rp. 1,450, with a target price gradually at the level of Rp. 1,470, Rp. 1,500, Rp. 1,615, Rp. 1,735 and Rp. 1,850. Support: IDR 1,435 & IDR 1,380. (RoE: -13.55%; PER: -4.55x; EPS: -318.83; PBV: 0.62; Beta: 2.17).

Also Read: The market wait and see, the exchange’s daily transactions tend to be quiet

5. PT Indocement Tunggal Prakarsa Tbk (INTP)

The price movement remains above the bottom line of the bollinger and a spinning top candle pattern is seen which indicates a potential buying stimulus.

Nafan suggested the accumulation at the level area of ​​Rp. 11,950 – Rp. 12,200, with a target price gradually at the level of Rp. 12,500, Rp. 14,875, Rp. 17,250 and Rp. 19,625. Support: IDR 11,950 & IDR 11,250. (RoE: 8.15%; PER: 24.94x; EPS: 488.20; PBV: 2.02x; Beta: 1.31).

6. PT Mayora Indah Tbk (MYOR)

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You can see a hammer candle pattern that indicates a potential buying stimulus in stock price movements. He gave recommendations for accumulation at the level of Rp. 2,430 – Rp. 2,530, with a target price in stages of Rp. 2,600, Rp. 2,780 and Rp. 2,950. Support: IDR 2,420 & IDR 2,390. (RoE: 18.28%; PER: 27.50x; EPS: 91.99; PBV: 5.02x; Beta: 0.14).

7. PT Semen Indonesia Tbk (SMGR)

The price movement remains above the lower line of the bollinger and a bullish pin bar pattern is seen which indicates a potential buying stimulus.

Nafan recommends accumulated purchases at the level of IDR 10,200-IDR 10,375, with a target price gradually at the level of IDR 10,700, IDR 11,275, IDR 12,625 and IDR 13,950. Support: IDR 9,925. (RoE: 7.83%; PER: 21.92x; EPS: 473.27; PBV: 1.73x; Beta: 1.61).

8. PT Waskita Beton Precast Tbk (WSBP)

There is a bullish pin bar pattern which indicates a potential stimulus to buy in stock price movements.

Nafan suggests accumulation in the area of ​​Rp. 185 – Rp. 200, with a target price gradually at the level of Rp. 214, Rp. 244, Rp. 314 and Rp. 382.Support: Rp. 176. (RoE: -411.25%; PER: -1.11x; EPS : -180.30; PBV: 4.56x; Beta: 2.21).

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Reporter: Ika Puspitasari
Editor: Herlina Kartika Dewi

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