Shiro Copr.CO.ID - JAKARTA. The Composite Stock Price Index (IHSG) is expected to rise again this week, after fluctuating throughout last week, with a general increase of 3.75% within a range of 7,071 to 7,402 (low to high), and ending at the level of 7,311 at the end of trading on Friday (21/7).
Retail Equity Analyst PT Indo Premier Sekuritas, Indri Liftiany Travelin Yunus projects that IHSG will rise within the support range of 7,150 to resistance 7,400 this week.
The prediction is supported by market sentiment as investors await the performance results of the companies until the first half of 2025.
"In this could become a sentiment for the stock price," said Indri in her research on Monday (7/21).
In addition, Indri appeals to the para trader To observe a number of key sentiments from global and domestic aspects, namely the Fed Chair Powell's speech, which is highly anticipated to gain an understanding of the outlook for future interest rates.
"Market participants will try to find out the considerations that will be brought up at the next FOMC meeting regarding the outlook for interest rate direction," he added.
Next, the sentiment of the US Manufacturing PMI Flash from S&P Global in July is predicted to weaken by 0.5 points from the level of 52.9 to the level of 52.4.
Stock Recommendations
1. PT Merdeka Copper Gold Tbk ( MDKA )
Analysis: MDKA successfully broke through its resistance line at Rp 2,300, the candlestick closed forming a marubozu and remained above the EMA 5 line, and the stochastic oscillator still opens the possibility for MDKA to continue its strengthening.
- Recommendation: Buy
- Entry: Rp 2.420
- Target price: Rp 2.700
- Stop loss: Rp 2.300
2. PT Elang Mahkota Teknologi Tbk ( EMTK )
Analysis: EMTK recorded a gain of more than 18% in a week, and there was a volume spike in last weekend's trading. It has been noted that foreign investors have been regularly accumulating EMTK shares in the past week.
- Recommendation: Buy
- Entry: Rp 580
- Target price: Rp 620
- Stop loss: Rp 560
3. PT Indosat Ooredoo Hutchison Tbk ( ISAT )
Analysis: ISAT has successfully exited its long consolidation area and touched a new resistance level. In addition, there has been a volume spike and a significant price increase in the last two trading days. The ISAT stochastic oscillator still shows potential for continued strengthening in ISAT.
- Recommendation: Buy
- Entry: Rp 2.350
- Target price: Rp 2.560
- Stop loss: Rp 2.250
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