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Jakarta, CNBC Indonesia – Domestic stock markets ended in negative territory the last day before last week’s long trading Tuesday holiday (10/27/2020).
The Jakarta Composite Index (JCI) closed 0.30% lower at 5,128.22 points. Business data records that daily transactions reached 8.54 trillion IDR with a frequency of 735,372 times. Meanwhile, foreign market players took a net purchase action worth Rs 108.24 billion.
Some of the most traded stocks last week were BBRI (Bank BRI), BBCA (Bank Central Asia), TLKM (Telkom), ANTM (Antam) and ASII (Astra International).
Before you start trading earlier this week in November, Monday (11/2/2020), check out the recommended stock options from various brokers summarized by CNBC Indonesia:
MNC Sekuritas: beware of obtaining profits
Earlier this week, JCI is expected to be affected by the action. take profit after last week’s long vacation. This is in line with the fall of the Dow Jones index on the US Wall Street Stock Exchange, which was corrected by 4.28% due to the uncertainty regarding the stimulus package, the increasing number of victims affected by Covid-19 and the uncertainty about who will be the winner of the US presidential elections.
Preferred shares:
BBRI
AALI
GGRM
AKRA
MAP
BNI Sekuritas – JCI Bullish Moment
JCI is showing momentum bullish, stochastic didukung bullish candle Bearish Harami Cross, MACD bullish, the accumulation phase and uptrend. As long as it is above 5,057, the volume trend is increasing, closing above 5,114 (5-day moving average). If the index closes below 5,057, it is targeting 4,962 / 4,880. If it closes above 5,057 again, there is a chance it will close towards 5,181 / 5,232 gap.
Preferred shares:
BBNI
KLBF
BSDE
ASII
Reliance Sekuritas: overshadowed by selling pressure
Technically, IHSG is testing again resistance (upper limit) MA200 visible retired on the last trade, but still stuck at the 50-day moving average, which is currently an alias of the lower resistance level support for. Based on the stochastic indicator, JCI is consolidating positively as it approaches the area again overbought (saturated purchase).
Meanwhile, the MACD indicator is still visible divergence negative with potential selling pressure that will be felt in the next operation. Today, JCI has the potential to strengthen limited to the range of 5,110 – 5,177.
Preferred shares:
PTBA
ICBP
HMSP
AKRA
Mega Capital Sekuritas – Limited Strength Potential
In trading earlier this week, JCI is expected to move higher, limited to the 5065 – 5,175 range. Internal sentiment came from the Bank of Indonesia, which announced that the M2 money supply data for September grew + 12.3% year-on-year.
Meanwhile, the US stock market saw a correction brought on by falling share prices from technology issuers and fears of a spike in the Covid-19 case.
According to WHO data, new cases of exposure to Covid-19 in the US hit a record on October 29, where 90,728 people were exposed; In total, Covid-19 cases have reached 9.08 million with a death rate of 2.5%. This is what caused the DJIA (Dow Jones) index to drop more than 4%.
Preferred shares:
AALI
ICBP
LANGUAGE
WSBP
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