ILLUSTRATION. JCI is expected to strengthen, analysts recommend these 6 shares on Friday (26/2)
Journalist: Ika Puspitasari | Editor: I knew Laoli
KONTAN.CO.ID – JAKARTA. The composite stock price index (JCI) successfully closed higher during Thursday’s (25/2) trading. JCI was up 0.62% and closed at 6,289.65 levels.
Binaartha Sekuritas analyst M. Nafan Aji Gusta Utama predicts that the JCI will rise again on Friday (26/2).
Based on Fibonacci ratios, Nafan continued, support and resistance are between 6,256.03 and 6,351.18. According to the indicators, MACD, Stochastic and RSI continue to show positive signals.
“On the other hand, there is a rising bar pattern that indicates the potential to further strengthen the JCI movement so that it has a chance to go to the nearest resistance,” he said in his investigation on Thursday. (25/2).
Also read: JCI strengthened, foreigners exhausted many of these shares on Thursday (25/2)
Regarding a number of stock recommendations that investors may consider, including the following:
1. PT Astra International Tbk (ASII)
The movement of the share price has tested the MA 120 line, so that the possibility of a reinforcement rises at least to the level resistance first still very open. Nafan provides recommendations for accumulation at the level of IDR 5,500 – IDR 5,600, with a target price gradually at the level of IDR 6,025, IDR 6,375, IDR 6,650 and IDR 7,775. Attendance: 5,500 IDR and 5,000 IDR. (RoE: 9.43%; PER: 12.06x; EPS: 462.19; PBV: 1.14x; beta: 1.32).
2. PT Barito Pacific Tbk (BRPT)
The price movement stays above the Bollinger bottom line and a pattern is seen bullish pattern of harami chandeliers which indicates a potential buying stimulus. He stated that the accumulation is in the area of Rp. 1,035 – Rp. 1,055, with a target price gradually at the level of Rp. 1,120, Rp. 1.195, Rp. 1,370 and Rp. 1540. Support: Rp. 1,025 & Rp. 980. (RoE: 0.51%; PER: 439.58x; EPS: 2.40; PBV: 2.22x; beta: 1.8).
Also read: JCI strengthened, these stocks were the most sought after by foreigners on Thursday (25/2)
3. PT Indika Energy Tbk (INDY)
Seen a pattern bullish pattern of harami chandeliers which indicates a potential buying stimulus in stock price movements. Nafan suggested an accumulation in the area from 1,450 to 1,480, with a price target gradually at 1,515, 1,560, 1,645, 1,745 and 1,880. Support: IDR 1,450, IDR 1,415 and IDR 1,350. (RoE: -7.63%; PER: -7.37x; EPS: -200.83; PBV: 0.56; Beta: 2.3).
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