Reliance Securities: Monitor 8 potentially profitable stocks



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Employees are walking near the stock price composite (IHSG) stock market watch movement on the Indonesia Stock Exchange, Jakarta, Tuesday (3/4/2018). – JIBI / Nurul Hidayat

Bisnis.con, JAKARTA – Reliance Sekuritas predicts JCI to move consolidated due to saturated selling action.

Lanjar badyst Nafi said that technically IHSG has removed MA5 with stuck at fractal support level see RSI and stochastic indicators are oversold after golden-cross in the previous trade.

He said that the JCI movement is still predicted consolidated until the weekend with a vulnerable movement of 5.770-5.824.

Actions that can still be observed are INDY, JPFA, JSMR, LSIP, BIPI, ELSA, KAEF, MEDC, ACES.

In trades yesterday, JCI fell 0.65% or 38.10 points to 5,787.55 with mixed shares (-3.09%), causing the sector to plummet after a decline in auto sales of 6 , 8% compared to 14.1% in the previous period.

Foreign investors have resumed their sales in the midst of lethargic transactions with domestic investors in the context of simultaneous election holidays. Foreign investors recorded net sales of 539.66 billion rupees.

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