ペディアFX, JAKARTA – MNC Sekuritas recommends 4 selected stocks that can be considered for trading menu on Monday, August 28, 2023, amidst the corrected performance of the Indonesian Composite Index (IHSG).
According to MNC Daily Scope Wave on August 28, 2023, the IHSG corrected by 0.1% to 6,895 and still dominated by selling volume, but the closing of IHSG remained above the MA20 on the previous trading day, August 25, 2023.
The Research Team of MNC Sekuritas predicts that the movement of IHSG has the potential to strengthen and test the range of 6,914-6,940 as its nearest target. If it manages to break through 6,966, the target for IHSG would be towards 7,013 to form wave v on the red label. However, caution should still be exercised for the potential correction towards 6,793-6,800 if IHSG breaks the support at 6,834 to form wave iv on the black label.
Support: 6,855, 6,834
Resistance: 6,966, 7,053
- AGII – Spec Buy
AGII closed flat at 1,885 and is still dominated by selling volume. As long as it doesn’t correct below 1,860 as its stop-loss level, the current position of AGII is forming the beginning of wave (iii) of wave [c].
Spec Buy: 1,870-1,880
Target Price: 1,945, 2,030
Stoploss: Below 1,860 - DOID – Buy on Weakness
DOID strengthened by 1.5% to 418 accompanied by the emergence of buying volume. It is estimated that the current position of DOID is part of wave iii of wave (v), indicating that DOID still has the potential to continue its upward momentum.
Buy on Weakness: 408-416
Target Price: 426, 446
Stoploss: Below 402 - PNLF – Buy on Weakness
PNLF strengthened by 1.4% to 300 accompanied by the emergence of buying volume, but it is still being held back by the MA20. As long as it remains above 286 as its stop-loss level, the current position of PNLF is at the beginning of wave [iii] of wave 3.
Buy on Weakness: 292-298
Target Price: 318, 336
Stoploss: Below 286 - TKIM – Spec Buy
TKIM strengthened by 0.7% to 7,500 accompanied by the emergence of buying volume. As long as it remains above 7,350 as its stop-loss level, the current position of TKIM is at the beginning of wave [b] of wave 4 on the black label.
Spec Buy: 7,425-7,500
Target Price: 7,725, 7,925
Stoploss: Below 7,350
