IDX: Jakarta Composite Index was corrected 37 points or 0,9%. Market was in a
consolidation phase, as we mentioned before. Assuming the index managed to
stay above 4005 level, there is no need to worry. We suggest investors to go back
to consumer stocks. Today’s trading range is between 4005 - 4023 - 4054
(support) and 4121 - 4156 - 4162 (resistance).
UNVR: There are several signs for positive direction: First, golden cross from
MacD side, second, upper gap following high demand,, and third, Fibonacci
indicates to reach IDR25250, as short-term target. TRADING BUY.
SMRA: There is no strong signal from momentum indicator for going upward. We
see a downward trend. TAKE PROFIT/EXIT.