We can see at the chart that USDIDR is now gaining the new low, it is now at the 3-month low & soon might be achieving another new low. Well, the too low of USD might have a bad impact on our exports but our BI is still retaining the level at 8800-8950 nowadays, which is a new ideal place for USDIDR. But I'm optimistic that USD will again decline to around 8868 in this few weeks. The new low can be achieved in 2 weeks time. Which is a quite long time for a short term trader.
Rating: Hold, TP: 8688-8650
In the other hand we can see the power of Bull that keep pushing our index to another new high record, which makes investors become very optimistic toward the market. The stronger the IDR, the stronger the JKSE will go up as foreigner nowadays feel very comfortable to invest in Indonesia as we are now very solid in terms of economics, social, politics, etc.
Increasing power of KPK in order to reduce corruption, the "good job" of Densus88 in handling terrorism becoming a plus point to our country becoming the investor target. Yet, again we must remember that we are aiming an "investment grade" within two years.
We can see that a strong move on the chart that we are breaking again a new high. I maintain a good climate for our investment.
Rating: Bullish; TP: 3650-3700, Support Area: 3400-3450
Happy Investing^^
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