Bisnis.com , JAKARTA-HD Capital estimates stock price index (CSPI) in trading today, Wednesday (07/05/2014) is at 4.815-4.780-4.703 support and resistance 4920-5000.
Senior Researcher HD Capital Yuganur Wijanarko say JCI horizontal trend, making big movements for upward or downward difficult.
"Still optimisis to breakout," said Yuganur in his research.
However, he said, the trend of the movement can be seen as a process to relieve the overbought situation daily.
He said that market participants tend to be medium term, accumulated for the potential continuation of medium term trend toward 5050 if there is a break above 4.920.
HD Capital suggests there are four stocks that can diperimbangkan in trading today, namely:
- Bank Mandiri (BMRI)
Buy. 2014 PE 11.6x, 2.6x PBV, ROE of 22.1%. Trading targets Rp10.300
Flat consolidation process in the banking issuer's state-owned banks during the last 2 weeks of lower level Rp9.750-Rp10.100, in our view should be a breakout in the direction of Rp10.300 versus breakdown to Rp9.550
Entry (1) Rp9.850. Entry (2) Rp9.750. Cut loss point Rp9.675
- United Tractors (UNTR)
13.1x 2014 PE, PBV of 2.24x, 17:15% ROE. Buy. Trading target: Rp23.200
Issuers of coal mining and heavy equipment owned Astra Group is in the stage of trying to breakout above the 12-month high for the continuation of medium term uptrend which is an improvement of long-term trends
Entry (1) Rp21.780. Entry (2) Rp21.350. Cut loss point Rp20.550
- Charoen Pokphan (CPIN)
BUY. 24x 2014 PE, PBV of 6.2x, 25.4x ROE. Trading targets Rp3.950
Previous correction of the low level of Rp 4,000 to Rp3.700 for a week in the issuer's tier two chicken producer, began addressing abating in the absence of new low or a new low again. Recommenda accumulation in the oversold zone (oversold) gradually moderate
Entry (1) Rp3.750. Entry (2) Rp3.710. Cut loss point Rp3.650
- Limited (PTPP)
37x 2014 PE, PBV 4.2, ROE of 12%. Buy. Trading targets Rp2.025
Once corrected and consolidated during the two-week, the state-owned construction companies began to climb to test resistance above the price gap Rp1.910, however, we see that the breakout that occurred could have continued to print a new high in Rp2.025.
Entry (1) Rp1.845. Entry (2) Rp1.825. Cut-loss point Rp1.790
