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Jakarta, CNBC Indonesia – Trading at the end of last week, the Composite Stock Price Index (CSPI) closed down at 11.36 points or fell 0.25% to 4,597.43.
Foreign investors still seem reluctant to park their funds in Indonesia and are more interested in selling on May and goThis is indicated by the net sale action of foreign investors that increased from this morning to Rp 838 billion.
For trading today Monday (11/05/2020) following the sentiments and actions recommended by various stocks.
1. Phillip Securities – Currency Outflow Opportunities Still High
Investors will await the release of Indonesia’s Q1 balance of payments today, and specifically how deeply CAD will be affected. The massive exit of foreigners amid weak business transactions will also hamper the index rate.
Preferred stocks:
2. MNC values - Beware of support 4,474
Stay alert for support at the 4,474 level, if JCI traverses the area it can say wave 2 or wave [b] Wave B has been confirmed completed and JCI will correct to the 4,300 area as the closest correction area.
Preferred stocks:
3. Panin Sekuritas – There is a possible continued JCI correction
JCI’s failure to maintain 4,603 support is an indication of a further correction. Today, JCI has the potential to move in a mixed way and tends to weaken.
Preferred stocks:
4. Artha Sekuritas – JCI’s Weakened Limited Movement
JCI is predicted to weaken. Movement is expected to remain limited due to lack of sentiment. Investors will still tend to wait and see waiting for developments related to the world economy after the co-19 began to decline. Technically it is still moving in a short term consolidation trend.
Preferred stocks:
(hps / hps)
