KONTAN.CO.ID – JAKARTA. The IDX Composite Index (IHSG) dipped slightly on Tuesday, closing down 0.16% at 7,365.66. Here's a look at three stocks analysts are watching for Wednesday's trading session:
PT Bank Rakyat Indonesia Tbk (BBRI)
- Technical indicators suggest a potential buying opportunity for BBRI. The MACD indicator has formed a bullish "golden cross" signal, and the stochastic oscillator remains in positive territory. The stock price is currently trading between the middle and upper Bollinger Bands.
- Recommendation: Buy on Weakness
- Support: Rp 6,000
- Resistance: Rp 6,500
- Analyst: Kiswoyo Adi Joe, Nawasena Abhipraya Investama
- BBRI Chart by TradingView
PT Elnusa Tbk (ELSA)
- ELSA's share price declined yesterday accompanied by increased trading volume. However, the stock remains above its 20-day moving average (MA20). The MACD indicator is flat in negative territory, while the stochastic oscillator is approaching overbought levels.
- Recommendation: Buy on Weakness
- Support: Rp 386
- Resistance: Rp 398
- Analyst: Herditya Wicaksana, MNC Securities
- ELSA Chart by TradingView
PT Charoen Pokphand Indonesia Tbk (CPIN)
- CPIN's chart formed a bullish "hammer candlestick" pattern yesterday, accompanied by a rise in trading volume. However, the RSI indicator is weakening, and both the MACD and stochastic oscillators are in overbought territory.
- Recommendation: Trading Buy
- Support: Rp 5,000
- Resistance: Rp 5,400 - Rp 5,525
- Analyst: Achmad Yaki, BCA Securities
- CPIN Chart by TradingView
