JCI’s uptrend continues, this is today’s stock recommendation (12/17)

Reporter: Avanty Nurdiana | Editor: Avanty Nurdiana

KONTAN.CO.ID – JAKARTA. The Composite Stock Price Index, also known as the IHSG, is still in an uptrend today. On Wednesday (12/16), JCI managed to significantly close 1.8% to the 6,118.4 level.

Nafan Aji, an analyst at Binaartha Sekuritas, said that today’s JCI move based on MACD, Stochastic and RSI indicators was still showing positive signals. On the other hand, there are several bullish bar patterns that indicate a possible bullish continuation in the JCI move so that you have a chance to go to the nearest resistance.

According to Nafan, today’s JCI move based on Fibonacci support and resistance indices is in the range of 6,009.10 to 6,157.11.

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

1. Adhi Karya (ADHI). There is a bearish pin bar pattern indicating potential profit taking action on ADHI share price movements. Nafan recommendation for ADHI shares to sell strongly in the area of ​​IDR 1,290 – IDR 1,320, with a price target of IDR 1,215. Resistance is at Rp 1.355. ADHI shares closed at Rp 1,290. (RoE: 0.37%; PER: 223.87x; BPA: 5.76; PBV: 0.82x; Beta: 2.8).

2. AKR Corporindo (AKRA). AKRA’s price movement remains above the Bollinger’s midline and there is an ascending bar pattern indicating a possible buying stimulus. AKRA’s recommendation for the shares is a cumulative purchase in the area of ​​Rp 3,190 – Rp 3,280, with a target price gradually at the level of Rp 3,360, Rp 3,440 and Rp 3,770. Support is at Rp. 3,110. AKRA shares closed at Rp 3,280. (RoE: 8.47%; PER: 14.79x; BPA: 221.80; PBV: 1.26x; Beta: 1.73).

3. Estika Tata Tiara (MEAT). There is a bearish pin bar pattern that indicates potential profit taking on BEEF share price movements. The recommendation for BEEF shares is to sell strongly in the Rp. 176 – Rp. 189, with a target price of Rp. 167. The resistance is Rp. 192. BEEF shares closed at Rp. 176. (RoE: 18.98%; PER: 4.35x; EPS: 40.46; PBV: 0.82; Beta: N / A).

4. Barito Pacific (BRPT). The BRPT price movement remains above the Bollinger’s midline and there are several upward bar patterns indicating a possible buying stimulus. The recommendation for BRPT shares is an accumulated purchase in the area of ​​Rp 1,240 – Rp 1,260, with a target price gradually at the level of Rp 1,310, Rp 1,650 and Rp 1,985. Support is at Rp. 1,165. BRPT shares closed at Rp 1,260. (RoE: 0.51%; PER: 500.00x; EPS: 2.52; PBV: 2.65x; Beta: 1.91).

Also read: JCI Forecast to Continue Strengthening, Pay Close Attention to Stock Recommendations for Thursday (12/17)

5. Development of Ciputra (CTRA). The CTRA price movement remains above the lower bollinger line and there is a bullish harami candlestick pattern indicating potential buying stimulus. Recommendation for accumulated purchase actions of CTRA in the area of ​​Rp. 880 – Rp. 900, with a target price gradually at the level of Rp. 930 and Rp. 1,050. Support is at Rp. 865. CTRA shares are closed at Rp. 900. (RoE: 1.83%; PER: 55.59x; EPS: 16.64; PBV: 1.83x; Beta: 2.02).

6. Indofood CBP Sukses Makmur (ICBP). The ICBP price movement remains above the lower bollinger line and there is a bullish harami candlestick pattern indicating possible buying stimulus. The recommendation for ICBP shares is an accumulated purchase in the area of ​​Rp 9,700 – Rp 9,800, with a target price gradually at the level of Rp 10,100, Rp 10,600, Rp 11,100 and Rp 11,600. Support is at IDR 9,600. ICBP shares closed at Rp9,775. (RoE: 10.85%; PER: 21.70x; BPA: 451.60; PBV: 2.35x; Beta: 0.46).

7. Indofood Sukses Makmur (INDF). The INDF price movement remains above the lower bollinger line and there is a bullish inside bar indicating possible buying stimulus. Recommendations for INDF actions with accumulated purchases at the level of Rp.6,900 – Rp.6,950, with a target price in stages at the level of Rp.7,400, Rp.7,600 and Rp.8,375. Support is at IDR 6,800 and IDR 6,460. INDF shares closed at Rp 6,925. (RoE: 6.57%; PER: 12.49x; EPS: 568.57; PBV: 0.82x; Beta: 0.71)

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8. Torre Bersama Infrastructure (TBIG). TBIG shares closed at 1,485 IDR. (RoE: 14.68%; PER: 34.73x; BPA: 43.91; PBV: 5.09x; Beta: 1). You can see a hammer candlestick pattern indicating a possible stimulus to buy TBIG share price movements. TBIG share recommendations for accumulated purchase in the Rp 1,470 – Rp 1,490 level area, with a target price gradually at the level of Rp 1,525, Rp 1,575, Rp 1,700 and Rp 1,820. Support is in Rp.1455.