KSI TECHNICAL RECOMMENDATION
JCI closed lower with a bearish candle. Stochastic indicator is bullish, MACD histogram is moving positive (bullish line) and volume is increasing. If it moves bearish again, JCI is expected to weaken again to the support range of 6,635 – 6,652. If JCI is able to move bullish, there is a chance for JCI to go to the resistance at the range of 6,696 – 6,713.
(EXCL) The price closed higher and formed a swing low. The price has the opportunity to strengthen to the nearest resistance. Stochastic indicator is bullish, 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 2,010. If it breaks level 2,010 then the price will go to level 2,030. 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 1,920. Entry Buy : 1,940 – 1,975 Target Price : 2,010 – 2,030 Support : 1,925 – 1,940 Cutloss : 1,920
(MAPI) The price closed higher with a bullish candle. The price has the opportunity to re-test the nearest resistance. Stochastic indicator is bullish, MACD histogram is moving positive again (sloping line) and volume is decreasing. 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 1,750. If it breaks level 1,750 then the price will go to level 1,765. 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 1,655. Entry Buy : 1,675 – 1,715 Target Price : 1,750 – 1,765 Support : 1,660 – 1,675 Cutloss : 1,655
(SCMA) The price closed higher and broke out from the resistance. The price has the opportunity to strengthen again to the next resistance. Stochastic indicator is bullish, MACD histogram is moving positive (bullish 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 177. If it breaks level 177 then the price will go to level 180. 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 164. Entry Buy : 167 – 171 Target Price : 177 – 180 Support : 165 – 167 Cutloss : 164
(TOWR) The price closed higher with a bullish candle. The price has the opportunity to re-test the nearest resistance. The stochastic indicator is back to a golden cross, MACD histogram is moving positive again (bullish line) and volume is decreasing. 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 1,100. If it breaks level 1,100 then the price will go to level 1,110. 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 1,040. Entry Buy : 1,055 – 1,075 Target Price : 1,100 – 1,110 Support : 1,045 – 1,075 Cutloss : 1,040
PT Kiwoom Sekuritas Indonesia (KSI)
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Website : www.kiwoom.co.id
