JCI will keep flying again, this is today’s stock recommendation (12/15)

Reporter: Avanty Nurdiana | Editor: Avanty Nurdiana

KONTAN.CO.ID – JAKARTA. The Jakarta Composite Index (JCI) is expected to continue to strengthen today. JCI successfully closed with a significant gain of 1.25% at the level of 6,012.52 on Monday, December 14, 2020.

Nafan Aji, an analyst at Binaartha Sekuritas, said that today’s JCI move based on MACD, Stochastic and RSI indicators showed positive signals. On the other hand, a long white marubozu candle pattern is seen indicating a possible bullish continuation in the JCI move so that it has a chance to go to the nearest resistance.

According to Nafan, today’s JCI move based on Fibonacci support and resistance indices is at 5,874.89 to 6,157.11.

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For a number of action recommendations investors can consider, including the following:

1. Bank Negara Indonesia (BBNI). BBNI price movement remains above the Bollinger’s midline and a bullish doji star candle pattern is observed indicating potential buying stimulus. BBNI’s recommended share is an accumulated purchase in the area of ​​Rp 6,375 – Rp 6,575, with a target price of Rp 6,825 and Rp 7,950. Support is at IDR 6,375 and IDR 6,050. BBNI shares closed at Rp 6,575. (RoE: 5.05%; PER: 20.96x; EPS: 311.32; PBV: 1.06x; Beta: 2.05).

2. Bank Rakyat Indonesia (BBRI). BBRI’s price movement remains above the Bollinger’s midline and there is a bullish inside bar pattern indicating possible buying stimulus. The recommendation for BBRI shares is an accumulated buy in the area of ​​Rp. 4,230 – Rp. 4,280, with a target price gradually at the level of Rp. 4,330, Rp. 4,460 and Rp. 4,640. Support is at IDR 4,230 and IDR 4,130. BBRI shares closed at 4,280 rupees. (RoE: 9.50%; PER: 27.77x; BPA: 154.15; PBV: 2.64x; Beta: 1.47).

3. Bumi Serpong Damai (BSDE). BSDE share 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. Nafan recommends that BSDE shares accumulate buy in the area of ​​Rp. 1,075 – Rp. 1,085, with a price target gradually at the level of Rp. 1,110, Rp. 1,165 and Rp. 1,235. Support is at Rp. 1,075 and Rp. 1,035. BSDE shares closed at Rp 1,085. (RoE: 1.82%, PER: 36.91x, BPA: 29.53, PBV: 0.67x, Beta: 1.62).

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4. HM Sampoerna (HMSP). The HMSP price movement remains above the Bollinger midline and a candlestick pattern is observed at the bottom of the tweezers indicating a possible buying stimulus. Nafan’s recommendation for HMSP shares is an accumulation of purchases in the area of ​​IDR 1,555 – IDR 1,625, with a price target gradually at the level of IDR 1,645, IDR 1,900, IDR 2,160, IDR 2,420 and IDR 2,550. Support is at Rp. 1,505. HMSP shares closed at Rp 1,625. (RoE: 30.33%; PER: 20.26; BPA: 79.23; PBV: 6.14x; Beta: 1.17).

5. Summarecon Agung (SMRA). The SMRA share price movement has tested the MA 20 line, so the possibility of a minimal strengthening to the first resistance level is still open. Recommendations for the accumulated purchase of SMRA shares in the Rp level area. 780 – Rp. 795, with a target price gradually at the level of Rp. 815, Rp. 840 and Rp. 950. Support is at Rp. 780 and Rp. 730. SMRA shares closed at Rp. 795. (RoE: -0.18%; PER: -701.47x; BPA: -1.13; PBV: 1.24x; Beta: 2.34).

6. Torre Bersama Infrastructure (TBIG). TBIG’s share price movement has tested the MA 10 line, so the possibility of a minimal strengthening to the first resistance level is still open. TBIG shares receive recommendations for accumulated purchases in the area of ​​Rp. 1,500 – Rp. 1,510, with a target price gradually reaching the level of Rp. 1,525, Rp. 1,575, Rp. 1,700 and Rp. 1,820. Support is at IDR 1480 and IDR 1455. TBIG shares closed at Rp 1,510. (RoE: 14.68%; PER: 34.73x; BPA: 43.91; PBV: 5.09x; Beta: 1).

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7. Wijaya Karya (WEGE) construction buildings. WEGE’s share price movement remains above the Bollinger’s midline and an ascending bar pattern is observed indicating potential buying stimulus. Recommendations for the accumulated purchase of WEGE shares at the level of Rp. 248 – Rp. 254, with a target price gradually at the level of Rp. 262 and Rp. 298. Support is at Rp. 242 and Rp. 226.

8. Wijaya Karya Beton (WTON). The WTON price movement remains above the Bollinger’s midline and a bullish bar pattern is observed indicating a possible stimulus to buy. Recommendations for the accumulated purchase of WTON shares at the level of Rp. 376 – Rp. 388, with a target price gradually at the level of Rp. 406 and Rp. 428. Support is in Rp. 376 and Rp. 364. WTON shares closed at Rp. 388. (RoE: 2.20%; PER: 45.88x; EPS: 8.41; PBV: 1.01x; Beta: 1.93).