JAKARTA COMPOSITE INDEX & SECTORAL INDEX ELLIOTT … Royal Elliottician Perspective... · Indeks sektor property kemarin membentuk hammer, yang harusnya ini menjadi indikasi awal

JAKARTA COMPOSITE INDEX & SECTORAL INDEX ELLIOTT WAVE ANALYSIS

JAKARTA COMPOSITE INDEXMidterm View

Elliott Wave Perspective

Pada weekly chart yang kami updatetanggal 25 Februari ini, IHSG tampaknyamasih perlu untuk break 6581, agaruptrend dari wave (v) dari wave [iii]terkonfirmasi berlanjut. Selama IHSGbelum break 6581, tampaknya peluangIHSG sideways dan cenderungterkoreksi tipis ke area 6300-6350masih terbuka.

Key Support :- 6428, 6374, 6300-6310

Key Resistance :-6550, 6600-6620

Projected Movement (1-2 Weeks) :• IHSG akan cenderung menguat, dansegera break level 6581

JAKARTA COMPOSITE INDEXShortterm View

Elliott Wave Perspective

IHSG lagi-lagi membentuk seperti hammer, yangmenunjukkan buying pressure masih ada.Seperti yang kami tuliskan sejak awal mingguini, kami optimis bahwa IHSG akan segera breaklevel 6581, yang berarti IHSG akan melanjutkanwave iii nya lagi. Selama IHSG tidak ditutup dibawah 6497, view kami masih tetap, yaitu arahIHSG akan segera break 6581.

Key Support :6490, 6425, 6374

-Key Resistance :6552-6581

PROPERTYSectoral Indexs

Elliott Wave Perspective

Indeks sektor property kemarin membentukhammer, yang harusnya ini menjadi indikasiawal bahwa koreksi wave [ii] sudah hampirselesai terbentuk, jika ini betul, indeks sektorproperty harusnya akan menguat lagi secaraagresif dan membentuk wave [iii].

What Should We Do ?Buy on Weakness pada saham-saham sektorproperty seperti BSDE, SMRA, CTRA, WIKA,ADHI

COMMODITIES & CURRENCY ELLIOTT WAVE PERSPECTIVE

WTI CRUDE OIL

Elliott Wave Perspective

Harga oil tampaknya berpeluang mengakhirikoreksi wave [ii] dari wave 3, dan ini akankonfirm jika harga oil mampu menguat ke atasUS$57,81. Jika ini yang terjadi, kami optimisbahwa harga oil akan bullish hingga beberapaminggu ke depan, karena target terdekat dariwave [iii] dari wave 3 sendri ada di US$65,5hingga US$66,7. Sementara itu, target terdekatdari wave 3 ada di US$70-US$71 per barrel.

New Castle Coal

Elliott Wave Perspective

Harga coal kami perkirakan sudah berada diakhir downtrend jangka pendek dari wave C dariwave (B). Meskipun begitu, kita akan melihatharga coal newcastle terkoreksi lagi menujulevel US$84-86 di minggu depan. Jika ini terjadi,penurunan tersebut akan menjadi akhirdowntrend wave C, sehingga harga coal kamiperkirakan akan kembali menguat lagi di awalMaret.

USD-IDRRupiah

Elliott Wave Perspective

Rupiah kemarin melemah ke 14025, dan kamimelihat pelemahan ini adalah konfirmasi bahwawave koreksi wave (ii) sudah berakhir, danRupiah akan cenderung terus melemah lagidengan target 14400 -14450 (target minimaldari wave (iii) ). Idealnya, Rupiah masih dapatterus melemah hingga 14700-14750.

ELLIOTTICIAN’S STOCK PICKS

LPPF (Matahari Department Store Tbk)

Elliott Wave Perspective

LPPF sudha berada di akhir wave [c] dari wave2, artinya downside risk sudah sangat terbatas.Silakan BoW LPPF, harusnya LPPF masih sangatmungkin untuk kembali ke atas 7500 lagi.

Buy on Weakness

• Range beli : 5450-5550• Target price : 6150, 7000, 7500 (weekly)• Stoploss : 5200 (weekly close)• Potential upside : 37,6%• Maximal risk : -6,3%

JSMR (Jasa Marga (Persero) Tbk)

Elliott Wave Perspective

JSMR kemarin menguat dengan volume besar,ini mengkonfirmasi bahwa JSMR sudahmelanjutkan penguatan dari wave 3 dari wave(C). Masih ada upside potential, sehingga Andamasih punya kesempatan untuk BoW JSMR.Silakan BoW JSMR, jika JSMR turun ke area belikami. Batasi resiko dengan melakukan cutlossjika JSMR turun ke bawah 4900.

Buy on Weakness

• Range beli : 5050-5150• Target price :

5600, 5800 (weekly)• Stoploss : 4900 (weekly close)• Potential upside : +14,9%• Maximal risk : -4,9%

WSKT (Waskita Karya (Persero) Tbk)

Elliott Wave Perspective

WSKT kemarin menguat dengan volumebesar, ini mengkonfirmasi bahwa WSKTsudah berada di wave [iii] dari wave C,dan WSKT masih akan terus menguat,kami rekomendasikan untuk akumulasibeli pada WSKT.

Accumulate Buy

• Range beli : 1860-1910• Target price :

2050, 2150, 2280 (weekly)• Stoploss : 1830 (daily close)• Potential upside : +22,6%• Maximal risk : -4,2%

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