The JCI October 23, 2020

๐Ž๐œ๐ญ๐จ๐›๐ž๐ซ ๐Ÿ๐Ÿ‘, ๐Ÿ๐ŸŽ๐Ÿ๐ŸŽ

 

* ๐“๐ก๐ž ๐‰๐‚๐ˆ ๐ญ๐ซ๐š๐๐ข๐ง๐  ๐ซ๐š๐ง๐ ๐ž: ๐Ÿ“,๐ŸŽ๐Ÿ“๐ŸŽ๐ฉ๐ญ – ๐Ÿ“,๐Ÿ๐Ÿ•๐Ÿ“๐ฉ๐ญย  (๐˜๐ž๐ฌ๐ญ๐ž๐ซ๐๐š๐ฒ ๐œ๐ฅ๐จ๐ฌ๐ž : ๐Ÿ“,๐ŸŽ๐Ÿ—๐Ÿ๐ฉ๐ญ)

* ๐–๐š๐ฅ๐ฅ ๐’๐ญ๐ซ๐ž๐ž๐ญ ๐œ๐ฅ๐จ๐ฌ๐ž๐ ๐ก๐ข๐ ๐ก๐ž๐ซ ๐›๐ฒ ๐ฌ๐จ๐ฆ๐ž ๐ŸŽ.๐Ÿ’%,๐จ๐ง ๐ญ๐ž๐œ๐ก๐ง๐ข๐œ๐š๐ฅ ๐ซ๐ž๐ฏ๐ž๐ซ๐ฌ๐ž, ๐š๐ง๐ ๐š๐ฅ๐ฌ๐จ ๐จ๐ง ๐…๐ƒ๐€ ๐š๐ฉ๐ฉ๐ซ๐จ๐ฏ๐š๐ฅ ๐จ๐Ÿ ๐†๐ข๐ฅ๐ž๐š๐ ๐’๐œ๐ข๐ž๐ง๐œ๐ž๐ฌ’ ๐‘๐ž๐ฆ๐๐ž๐ฌ๐ข๐ฏ๐ข๐ซ ๐ญ๐จ ๐ญ๐ซ๐ž๐š๐ญ ๐‚๐Ž๐•๐ˆ๐ƒ-๐Ÿ๐Ÿ— ๐๐ข๐ฌ๐ž๐š๐ฌ๐ž

* ๐“๐ก๐ž ๐‰๐‚๐ˆ ๐ข๐ฌ ๐ž๐ฑ๐ฉ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐Ÿ๐ฅ๐ฎ๐œ๐ญ๐ฎ๐š๐ญ๐ž ๐š๐ง๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ž๐ ๐›๐ฒ ๐ก๐ข๐ ๐ก๐ž๐ซ ๐จ๐ข๐ฅ ๐œ๐ฅ๐จ๐ฌ๐ž

 

 

Morning,

 

The Jakarta Composite Index (JCI) today (10/23) is expected to be in the range of 5,050pt โ€“ 5,175pt, to fluctuate and incline higher on technical rebound. ย ย Meanwhile, yesterday ย (10/22) the DJIA closed higher by ย 153 points or 0.4% to 28,364pt, while the ย S&P500 and the Nasdaq ended higher by 0.5% and 0.2%, respectively.

 

๐”๐ง๐œ๐ก๐š๐ง๐ ๐ž๐ ๐๐จ๐ฆ๐ž๐ฌ๐ญ๐ข๐œ ๐ซ๐ž๐Ÿ๐ž๐ซ๐ž๐ง๐œ๐ž ๐ซ๐š๐ญ๐ž๐ฌ ย ๐ข๐ง ๐Ž๐œ๐ญ๐จ๐›๐ž๐ซ ๐ฆ๐š๐ค๐ž๐ฌ ๐ญ๐ก๐ž ๐ฌ๐ญ๐จ๐œ๐ค ๐š๐ง๐ ๐Ÿ๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐š๐ฉ๐ฉ๐ž๐š๐ฅ๐ข๐ง๐  (๐Ÿ“)

The performance of the JCI yesterday was better-than-our expectation, with intraday low at 5,084pt against the estimated 5,050pt, while intraday high of 5,132pt ย was within our estimated upper range of 5,150pt. This implies the domestic stock market is still in its stable, cautious- optimistic mode, with traders and investors put attention on the countryโ€™s blue chip counters.

 

 

At the other end, yesterdayย  the WTI price closed higher by 1.4% at USD40.6/barrel as compared to the previous one of UD40.0/barrel, on technical rebound. ย Meanwhile, yesterday the USDIDR ย closedย  at IDR14.697 ย vs. IDR14.658 the previous one.

 

 

We advise the following recommendations, for both trading and longer-time investment purpose. ๐€๐€๐‹๐ˆ, ๐‹๐’๐ˆ๐ (๐ฌ๐ž๐œ๐ญ๐จ๐ซ ๐จ๐Ÿ ๐˜ˆ๐˜จ๐˜ณ๐˜ช, ๐š๐ฅ๐ฅ๐จ๐œ๐š๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐ž๐ฌ๐ญ๐ข๐จ๐ง ๐˜œ๐˜ฏ๐˜ฅ๐˜ฆ๐˜ณ๐˜ธ๐˜ฆ๐˜ช๐˜จ๐˜ฉ๐˜ต ), ๐”๐๐“๐‘, ๐ˆ๐“๐Œ๐†, ๐€๐ƒ๐‘๐Ž, ๐๐“๐๐€ (๐ฌ๐ž๐œ๐ญ๐จ๐ซ ๐จ๐Ÿ ๐˜Š๐˜ฐ๐˜ข๐˜ญ ๐˜”๐˜ช๐˜ฏ๐˜ช๐˜ฏ๐˜จ, ๐š๐ฅ๐ฅ๐จ๐œ๐š๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐ž๐ฌ๐ญ๐ข๐จ๐ง ๐˜”๐˜ข๐˜ณ๐˜ฌ๐˜ฆ๐˜ต-๐˜ธ๐˜ฆ๐˜ช๐˜จ๐˜ฉ๐˜ต), ๐†๐†๐‘๐Œ, ๐”๐๐•๐‘, ๐ˆ๐‚๐๐ (๐ฌ๐ž๐œ๐ญ๐จ๐ซ ๐จ๐Ÿ ๐˜Š๐˜ฐ๐˜ฏ๐˜ด๐˜ถ๐˜ฎ๐˜ฆ๐˜ณ, ๐š๐ฅ๐ฅ๐จ๐œ๐š๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐ž๐ฌ๐ญ๐ข๐จ๐ง ๐˜–๐˜ท๐˜ฆ๐˜ณ๐˜ธ๐˜ฆ๐˜ช๐˜จ๐˜ฉ๐˜ต ), ๐€๐’๐ˆ๐ˆ (๐ฌ๐ž๐œ๐ญ๐จ๐ซ ๐จ๐Ÿ ๐˜ˆ๐˜ถ๐˜ต๐˜ฐ๐˜ฎ๐˜ข๐˜ต๐˜ช๐˜ท๐˜ฆ, ๐š๐ฅ๐ฅ๐จ๐œ๐š๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐ž๐ฌ๐ญ๐ข๐จ๐ง ๐˜”๐˜ข๐˜ณ๐˜ฌ๐˜ฆ๐˜ต-๐˜ธ๐˜ฆ๐˜ช๐˜จ๐˜ฉ๐˜ต), ๐š๐ง๐ ๐€๐‚๐„๐’, ๐’๐‚๐Œ๐€, ๐Œ๐€๐๐ˆ (๐ฌ๐ž๐œ๐ญ๐จ๐ซ ๐จ๐Ÿ ๐˜›๐˜ณ๐˜ข๐˜ฅ๐˜ฆ, ๐š๐ฅ๐ฅ๐จ๐œ๐š๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐ž๐ฌ๐ญ๐ข๐จ๐ง ๐˜–๐˜ท๐˜ฆ๐˜ณ๐˜ธ๐˜ฆ๐˜ช๐˜จ๐˜ฉ๐˜ต),๐š๐ง๐ ๐“๐Š๐ˆ๐Œ (๐ฌ๐ž๐œ๐ญ๐จ๐ซ ๐จ๐Ÿ ๐˜‰๐˜ข๐˜ด๐˜ช๐˜ค ๐˜๐˜ฏ๐˜ฅ๐˜ถ๐˜ด๐˜ต๐˜ณ๐˜บ, ๐š๐ฅ๐ฅ๐จ๐œ๐š๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐ž๐ฌ๐ญ๐ข๐จ๐ง ๐˜”๐˜ข๐˜ณ๐˜ฌ๐˜ฆ๐˜ต-๐˜ธ๐˜ฆ๐˜ช๐˜จ๐˜ฉ๐˜ต).

 

Cheers,

 

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