KSI TECHNICAL RECOMMENDATION

JCI Range Today 6,617– 6,656 (Support), 6,713 – 6,727 (Resistance)

JCI managed to close slightly lower after a breakdown below 6,656 (false break). Stochastic indicator is neutral, MACD histogram is moving in the positive direction (bearish line) and volume is decreasing. If it moves bearish again, JCI is expected to weaken again to the support range of 6,617 – 6,656. If JCI is able to move bullish, there is a chance for JCI to go to the resistance at the range of 6,713–6,727.

(BRIS) The price closed higher with a bullish candle. The price has the opportunity to strengthen to the nearest resistance. Stochastic indicator is bullish, MACD histogram is moving in the positive direction (opportunity for golden cross line) and volume is increasing. Confirmation to buy if the next candle is bullish again or buy on support if it goes down first. We suggest being careful if it fails to stay above the support level. (Trading Buy)

TRADING STRATEGY:

1.Target Price: The price has a bullish opportunity to test the resistance level 1,795. If it breaks level 1,795 then the price will go to level 1,810. We recommend to be careful if the price fails to break through or turn around the support area.

2. Stop Loss: To minimize the risk of loss, we recommend placing a stop loss at level 1,720.

Entry Buy : 1,735 – 1,765

Target Price : 1,795 – 1,810

Support : 1,725 – 1,735

Cutloss : 1,720

(KLBF) The price closed higher and formed a swing low. The price has the opportunity to strengthen again to the nearest resistance. Stochastic golden cross indicator, MACD histogram is moving in the positive direction (golden cross line) and volume is increasing. Confirmation to buy if the next candle is bullish again or buy on support if it goes down first. We suggest being careful if it fails to stay above the support level. (Trading Buy)

TRADING STRATEGY:

1.Target Price: The price has a bullish opportunity to test the resistance level 2,150. If it breaks level 2,150 then the price will go to level 2,170. We recommend to be careful if the price fails to break through or turn around the support area.

2. Stop Loss: To minimize the risk of loss, we recommend placing a stop loss at level 2,050.

Entry Buy : 2,080 – 2,110

Target Price : 2,150 – 2,170

Support : 2,060 – 2,080

Cutloss : 2,050

(SILO) The price closed higher and formed a swing low again. The price has the opportunity to strengthen again to the nearest resistance. The stochastic golden cross indicator, MACD histogram is moving in the positive direction (opportunity for golden cross line) and volume is increasing. Confirmation to buy if the next candle is bullish again or buy on support if it goes down first. We suggest being careful if it fails to stay above the support level. (Trading Buy)

TRADING STRATEGY:

1.Target Price: The price has a bullish opportunity to test the resistance level 1,650. If it breaks level 1,650 then the price will go to level 1,695. We recommend to be careful if the price fails to break through or turn around the support area.

2. Stop Loss: To minimize the risk of loss, we recommend placing a stop loss at level 1,570.

Entry Buy : 1,575 – 1,610

Target Price : 1,650 – 1,695

Support : 1,575 – 1,575

Cutloss : 1,570

(UNVR) The price closed higher with a bullish candle. The price has the opportunity to strengthen again to the nearest resistance. Stochastic golden cross indicator, MACD histogram is moving in the positive direction (opportunity for golden cross line) and volume is increasing. Confirmation to buy if the next candle is bullish again or buy on support if it goes down first. We suggest being careful if it fails to stay above the support level. (Trading Buy)

TRADING STRATEGY:

1.Target Price: The price has a bullish opportunity to test the resistance level 4,660. If it breaks level 4,660 then the price will go to level 4,700. We recommend to be careful if the price fails to break through or turn around the support area.

2. Stop Loss: To minimize the risk of loss, we recommend placing a stop loss at level 4,420.

Entry Buy : 4,470 – 4,550

Target Price : 4,660 – 4,700

Support : 4,430 – 4,470

Cutloss : 4,420

PT Kiwoom Sekuritas Indonesia (KSI)
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Website : www.kiwoom.co.id