This is today’s stock recommendation (1/12) when JCI hits support again

Reporter: Avanty Nurdiana | Editor: Avanty Nurdiana

KONTAN.CO.ID – JAKARTA. The composite equity price index, also known as the IHSG, is expected to continue to support levels. JCI closed significantly corrected 2.96% to the level of 5,612.42 on November 30, 2020.

Nafan Aji, an analyst at Binaartha Sekuritas, explained that today’s JCI move based on the MACD indicator still shows a positive signal. However, both the Stochastic and the RSI are moving lower within the neutral area.

On the other hand, there is an evening star candlestick pattern indicating a potential for a further correction of the JCI move today. Nafan considered that JCI today has the opportunity to go to the closest support.

Read also: During a pandemic, wealthy people’s money was deposited in deposits and bonds.

According to Nafan, today’s JCI move based on Fibonacci support and resistance ratios is at 5,529.96 to 5,695.53.

There are a number of stock recommendations investors can consider, including the following.

1. Ace Hardware (ACES). ACES share price movements tested several MA 20 and MA 120 lines, so the opportunity for a minimal strengthening to the first resistance level is still open. The recommendation for ACES shares is an accumulated buy in the area of ​​Rp. 1,550 – Rp. 1,585, with a target price gradually at the level of Rp. 1,620, Rp. 1,660, Rp. 1,700 and Rp. 1,850. Support is at IDR 1,550 and IDR 1,485. ACES shares closed at Rp 1,585. (RoE: 14.16%; PER: 38.37x; BPA: 41.31; PBV: 5.45x; Beta: 0.79).

2. Miscellaneous Mining (ANTM). The movement of the ANTM share price has tested the MA 20 line so that the possibility of a minimal strengthening to the first resistance level is still open. The recommendation for the ANTM shares is an accumulated buy in the area of ​​Rp. 1.125 – Rp. 1,145, with a price target gradually at the level of Rp. 1210 and Rp. 1,500. Support is at Rp. 1,060. ANTM shares closed at Rp 1,145. (RoE: 5.82%; PER: 24.66x; BPA: 46.43; PBV: 1.44x; Beta: 1.91).

Read also: JCI fell on Monday (11/30) due to rebalancing, this is the projection for tomorrow (12/1)

3. Charoen Pokphand (CPIN). The CPIN share price movement tested several MA 20 and MA 120 lines, so the opportunity for a minimal strengthening to the first resistance level is still open. Recommendations for CPIN buy accumulated shares in the area of ​​Rp. 5,975 – Rp. 6,075, with a target price gradually at the level of Rp. 6,200, Rp. 6,350, Rp. 6,550, Rp. 7.025 and Rp. 7,475. Support is at Rp. 5,975 and Rp. 5,850. CPIN shares closed at Rs 6,075. (RoE: 13.46%; PER: 32.76x; EPS: 185.45; PBV: 4.41x; Beta: 0.84).

4. Development of Ciputra (CTRA). CTRA stock price movements tested several MA 10 and MA 20 lines so the opportunity for a minimal strengthening to the first resistance level is still open. The recommendation for CTRA shares is to buy accumulated in the area of ​​Rp. 900 – Rp. 925, with a target price gradually at the level of Rp. 960, Rp. 1,000 and Rp. 1,050. Support is at Rp. 900, Rp. 865 and Rp. 810. CTRA shares closed at Rp. 925. (RoE: 1.83%; PER: 55.59x; EPS: 16.64; PBV: 1.83x; Beta: 2.02).

Read also: These nine stocks are the top earners across various indices, see their insights

5. Erajaya Swasembada (ERAA). The ERAA share price movement has tested the MA 60 line so that the possibility of a minimal strengthening to the first resistance level is still open. The recommendation for ERAA shares is a cumulative buy in the area of ​​Rp. 1,665 – Rp. 1,720, with a target price gradually at the level of Rp. 1805, Rp. 1990 and Rp. 2,170. Support is at Rp. 1,665 and Rp. 1,625.

6. Indofood Sukses Makmur (INDF). The ERAA share price movement is testing the MA 120 line, so the possibility of a minimal strengthening to the first resistance level is still open. The accumulated purchase of INDF shares in the area of ​​Rp 7,000 – Rp 7,100, with a target price gradually at the level of Rp 7,400, Rp 7,600 and Rp 8,375. Support is at Rp. 6,800. INDF shares closed at Rs 7,100. (RoE: 6.57%; PER: 12.49x; BPA: 568.57; PBV: 0.82x; Beta: 0.71).

8. Indocemento Tunggal Prakasa (INTP). The INTP share price movement has tested the MA 20 line so the possibility of a minimal strengthening to the first resistance level is still open. The recommendation for the INTP shares is a cumulative buy in the area of ​​IDR 13,850 – IDR 14,300, with a stepped price target of IDR 14,875, IDR 17,250 and IDR 19,625. Support is at IDR 13,850 and IDR 13,050. INTP shares closed at Rs 14,300. (RoE: 6.58%; PER: 33.54x; BPA: 402.43; PBV: 2.26x; Beta: 1.54).

Read also: JCI is expected to continue to weaken on Tuesday (1/12), take a look at the following stocks

9. Summarecon Agung (SMRA). The SMRA share price movement has tested the MA 10 line so that the possibility of a minimal strengthening to the first resistance level is still open. Today’s recommendation for SMRA shares is a cumulative buy in the area of ​​IDR 790 – IDR 820, with a price target gradually at the level of IDR 840 and IDR 950. Support is at IDR 780 and IDR 730. Shares of SMRA closed at IDR 820. 0.18%; PER: -723.53x; BPA: -1.13; PBV: 1.27x; Beta: 2.38).