Binaartha Sekuritas: The stock index can be further strengthened

Bisnis.com, JAKARTA – Binaartha Sekuritas expects the stock index to be potentially higher in trading today Tuesday (03/07).

The badyst Muhammad Nafan Aji Gusta said based on Bloomberg's daily pivot, first and second support has a range of 5,718,286 to 5,689,802.

Meanwhile, the first and second levels the resistance is from 5,803,738 to 5,860,706. Based on this indicator, the MACD is already in the negative zone

Meanwhile, the stochastic indicators and RSI are already in the neutral zone. There is an upward trend, so that we can expect the stock index movement to still have the potential to strengthen

21.80x; EPS: 81.44; PBV: 1.05x; Beta: 2.18): * Currently, there is a bullish uptick candle indicating a potential stimulus of purchase. "Buy Accumulation" on the 1760 – 1790 level area, with target prices gradually rising to 1845, 1930, 2000, 2300, 2600 and 2900 levels. Support: 1705.

INDF, Daily (6525) (RoE: 9, 58%; PER: 12.22 x; EPS: 540.24; PBV: 1.17x; Beta: 0.88): * Currently this price movement still hold above the Bollinger Bottom Line and bullish candlestick pattern bullish earlier indicating a potential stimulus of purchase. "Accumulated Purchase" at the 6500 – 6600 level, with target prices gradually rising to the 6750 and 6850 levels. Support: 6400.

* KRAS, Daily (440) (RoE: -1.07%; PER: -31.70x EPS: -13.88; PBV: 0.34x; Beta: 0.91): * The accumulation phase is still formed to form a bull trend pattern in the future. "Accumulated Purchase" at level 434 – 444, with an incremental price target at levels 464, 500, 545, 650 and 755. Support: 414 and 384.

* PWON, Daily (530) (RoE: 16.25 %; PER: 11.34x; EPS: 46.72; PBV: 1.84x; Beta: 2.14): * Previously seen bullseye star candle pattern indicating a potential stimulus of purchase. Meanwhile, price movements still hold above Bollinger's bottom line. "Accumulated Purchases" at the 520-530 level area, with an incremental price target at the 550 and 560 levels. Support: 500.

* RALS, Daily (1410) (RoE: 1.67%; PER: 170 , 29x, EPS: 8.28, PBV: 2.84x, Beta: 1.53): * The price movement is still above the MA 60 line so the bullish potential is still largely open. "Accumulated Purchase" at the 1380 – 1410 level, with the target price gradually rising to the 1470, 1600, and 1730 levels. Support: 1370.

* WSKT, Daily (1925) (RoE: 23.73%; PER: 4, 30x ;: 447.16; PBV: 1.15x; Beta: 2.08): * Currently, the price movement still holds above the bottom line of bollinger and saw inverted bull hammer candle pattern indicating a potential purchase stimulus. "Buy Accumulation" on the 1910 – 1930 level area, with target prices gradually rising to the 2050, 2150, 2500, and 2800 levels. Support: 1860.