Stock list for today as I said just now, will be from Construction, Infrastructure & Banking. Why I chose this sector? Because today the announcement of BI Rate is as expected which is staying at 6.5% (un-change). This will make the performance of Banking firm will not far away from the analyst prediction. The other sector is Construction & Infrastructure. Why those two will follow?? Because the bank lending rate will be the same, so the sales of those sector which are also very depending on the BI Rate is also affected, automotive will also probably be affected.
Bank Nasional Indonesia (BBNI.JK)
Today it has broken the resistance level of 3350, yet after the shock of bank stress test which pulled it down, is also considered as a correction. Now it has been quite calm yet analysts said that Europe Bank stress test will not affect so much toward Indonesian Bank. Also we must remember that this bank is in uptrend position, so it is very suit for us to collect. Today a lot of foreign brokers accumulate this stock.
Rating: Buy; Entry: 3775-3800, S/L: 3575-3550; TP: 3975-4000 (if broken, HOLD is the best)Bank BTN (BBTN.JK)
Today it is accumulated by Credit Suisse and also CIMB in a great amount, this can be the indication of good prospect or news might be gained. Beside the good news of BI Rate is maintained.
Intiland Development (DILD.JK)
The property company that might be affected, with the BI Rate. The price has been consolidated a mean while outside the Linear Regression line, which had happened last year. This might make the History repeat again. After consolidated outside linear regression and then back to the track & go upward faster. Yet the gap we can see at April which was a gap down is closed very fast, now there's still a gap after the news of placement, this will bring an advantage for us, as the GAP is still exist. Most indicators are oversold & some are golden crossing today like MACD 21 days.
PT PP Persero (PTPP.JK)
This stock after a shock last month, it consolidated quite a long while. But seems to day it did a bottom reversal, but I can say that it is not quite valid yet after it touch 990. So, if it touched 990, then it is a good sign for us to re-enter at this stock.
Astra Int'l (ASII.JK)
After consolidated quite a long time, ASII seems to be quite strong with the current position. It holds very strong at this level & yet still accumulated but only soft distribution is seen.
Rating: Buy if break 60400 (60450-60500), S/L: 58650-58600, TP: 62000-63000
Tunas Ridean (TURI.JK)
The other automotive company that is included here which is still consolidated is TURI. This company hold BMW, Daihatsu & Toyota reseller license also. We can see after the strong upward motion of TURI, it seems that it will continue again.
Rating: Buy if break 950 (960-970), S/L: 860-850, TP: 1080-1100 (If broken, just hold)
Happy Investing^^
Disclaimer ON!!!
