KONTAN.CO.ID - JAKARTA. The IDX Composite Index (IHSG) strengthened by 0.44% or 32.26 points to the level of 7,335,545 until the end of trading on the Indonesia Stock Exchange (IDX), Friday (16/2). MNC Securities analyst Herditya Wicaksana stated, in trading on Friday (16/2) the IHSG strengthened by 0.44% to 7,335 and was still dominated by buying volume. On the black label, the position of the IHSG is already at the end of wave b from wave (ii).
Therefore, the IHSG in today's trading, Monday (19/2) is predicted to be vulnerable to correction again forming the beginning of wave c to its nearest range area at 7,200 - 7,302, noting that the IHSG has not been able to break resistance at 7,403. Baca Juga: Blue Bird (BIRD) Accelerates Used Car Sales Business "The good news is, if the IHSG can break 7,403, then the IHSG has the opportunity to strengthen again forming a red label to test 7,420 - 7,500," said Herditya in research, Sunday (18/2) Furthermore, MNC Securities projects the IHSG today, will test support at the level of 7,249 - 7,198. Meanwhile, the IHSG will test resistance at the position of 7,350 - 7,403. Here are stock recommendations from MNC Securities for the beginning of the week (19/2): 1. PT Aneka Tambang (ANTM) ANTM corrected 0.65% to 1,530 and was dominated by sales volume, its movement was also below MA20. "We estimate, the position of ANTM is currently at the beginning of wave (ii) from wave [i] so that ANTM is still vulnerable to correction while closing its gap," he said. Recommendation: Buy on Weakness Price Target: IDR 1,610 - 1,735 Stop Loss: Below IDR 1,405
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