Our Indonesian Stock Exchange Index (^JKSE), is still in strong bullish. It's shown by a strong uptrend by the ADX (Average Directional Index). Stochastic has no reversal signal as it's closely touching the 100%.
Well, as our macro stock index is still showing strong trending, we can conclude that BUY is still on the counter. What to be watch? Then this is the right place to get a peep.
Elnusa, Tbk. (ELSA.IJ, ELSA.JK), one of the government's firm that is still having strong performance. It posted 600% increment of net profit, that make investors targeting this stock. Well, fundamentally, this stock is still cheap with low PER below 6x.
Technically, strong bullish is still shown by ELSA with ADX >40, DI+>DI-. MACD, ROC & RSI is still bending up.
Rating: Buy, TP: 530-540, SL: 415-420
Hexindo Adiperkasa (HEXA.IJ, HEXA.JK), one of the heavy equipment company, that perform quite well. The stock is still growing as the macroeconomic of Indonesia is growing. Not much information can be given.
Rating: Buy, TP: 4150-4400, SL: 3850-3950
Happy Investing^^
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