After being closed at a damatical action by traders, JKSE has closed above the level of the low, which is closed 23 pts above the low. This has increased the speculation of the market that the index is still strong, yet, I can say that our index might be in the correction wave A.
Stock picks maybe not much, but we can see at MAPI.JK, as this stock is in a good up trend, yet the stock is heading upward which is shown by the MFI, the other stocks are not recommended yet.
The other thing that support the increase is the volume increment and the breaking of the Peak.
Rating: Buy On Weakness; Entry 1180-1200, TP: 1240-1390, SL: 1010-1020
Happy Investing^^
Disclaimer ON!!!
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