JAKARTA COMPOSITE INDEX & SECTORAL INDEX ELLIOTT WAVE ANALYSIS

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2 JAKARTA COMPOSITE INDEX & SECTORAL INDEX ELLIOTT WAVE ANALYSIS

3 JAKARTA COMPOSITE INDEX Midterm View Secara weekly chart, IHSG sudah konfirm berada di akhir wave [iii] dari wave 5 dari wave (3). Target dari wave [iii] ini sudah tercapai di level 6500, meskipun overshoot, idealnya target IHSG tidak jauh dari 6550, atau Setelah itu, IHSG akan terkoreksi untuk membentuk wave [iv], dengan target koreksi minimal di , dan ideal di Wave [iv] baru akan terkonfirmasi terjadi jika IHSG turun ke bawah Key Support : , , Key Resistance : , Projected Movement (1-2 Weeks) : IHSG cenderung akan terkoreksi di akhir minggu ini, atau awal minggu depan, dengan target koreksi minimal di 6350, dan ideal di

4 JAKARTA COMPOSITE INDEX Shortterm View Alih-alih turun ke bawah 6400, IHSG kemarin malah menguat agresif dan ditutup di level Hal ini menunjukkan bahwa kenaikan dari wave v dari wave (iii) ternyata belum selesai. Hal ini terbukti pada chart di samping, di mana jika kami break-down, wave v memang belum lengkap membentuk 5 gerakan/subwave. Tetapi, dengan naiknya IHSG ke level 6532, IHSG sudah konfirm berada di wave [5] dari wave v dari wave (iii). Target terakhir dari uptrend IHSG jangka pendek ini ada di level Setelah kenaikan ini, kami tetap melihat bahwa IHSG rawan terkoreksi membentuk wave (iv) dengan target koreksi minimal di 6350, dan target kedua di level Key Support : , , 6350 Key Resistance :

5 BASIC INDUSTRY Sectoral Indexs Sektor basic-industry, masih berada di uptrend jangka menengah, dan masih berada di bullish motive wave dari wave v dari wave (iii) dari wave [v] dari wave 5. Artinya, sektor industri dasar masih dapat menguat dengan potensi upside minimal ke , dan ideal ke What Should We Do? Selective buying pada saham-saham sektor industri dasar, untuk sementara, hindari sahamsaham poultry terlebih dahulu.

6 COMMODITIES & CURRENCY ELLIOTT WAVE PERSPECTIVE

7 NICKEL Harga nickel masih cenderung menguat, dan kemarin sempat menyentuh level 12070, dan tampaknya posisi nickel saat ini sudah konfirm selesai membentuk koreksi jangka menengah yang sudah dimulai sejak April 2018 silam, sehingga kenaikan yang terjadi sejak Desember 2019 adalah awal uptrend jangka menengah dari wave (C) dari wave [B]. Target terdekat untuk harga nikel dalam waktu 1-2 bulan ke depan ada di level 15685, 16000, dan

8 WTI CRUDE OIL Kemarin oil kembali menguat, dan penguatan ini menjadikan wave [v] mengalami ekstensi, dengan peluang terbentuk ending diagonal pattern. Artinya, jika harga oil mampu ditutup di atas $54,7 per barrel, oil akan mengkonfirmasi melanjutkan kenaikan dari wave [v] dari wave 1 dengan target masing-masing di 55,7 lalu 57,15, dan maksimal 61,3. Tetapi perlu dicatat, jika wave [v] dari wave 1 ini sudah selesai terbentuk, harga oil akan mengalami koreksi tajam untuk membentuk wave 2, dengan target minimal di US$54, dan ideal ke area US$48- US$50 per barrel lagi. Harusnya koreksi wave 2 ini akan dimulai di minggu kedua atau maksimal di akhir Februari nanti.

9 USD INDEX Hari ini kami berikan chart USD Index, di mana terlihat bahwa USD Index sudah mulai terjadi penurunan agresif (25 Januari 2019), dan jika USD Index kembali turun ke bawah 95, USD Index konfirm akan terus terkoreksi dan menyelesaikan target wave [c] dari wave B di level 94-94,2. Tentunya, dengan proyeksi USD Index yang cenderung melemah hingga 1 bulan ke depan, ini akan berdampak pada Rupiah. Rupiah dalam 1 bulan ke depan akan cenderung stabil, dengan potensi penguatan kembali ke level

10 ELLIOTTICIAN S STOCK PICKS

11 INTP (Indocement Tunggal Prakasa Tbk) INTP kemarin membentuk doji, yang harusny ini mengkonfirmasi bahwa INTP selesai membentuk corrective wave dari wave (iv). Selama INTP tidak turun ke bawah 18250, INTP masih sangat mungkin untuk menguat lagi dan membentuk wave (v) dari wave [v], dengan target terdekat di 20900, dan ideal Buy on Weakness Range beli : Target price : 20900, (weekly) Stoploss : (weekly close) Potential upside : +15,1% Maximal risk : -4,9%

12 BBTN (Bank Tabungan Negara (Persero) Tbk) BBTN kemarin menguat dengan volume besar, ini mengkonfirmasi bahwa BBTN sudah selesai membentuk koreksi wave [ii] dari wave C, dan sudah berada di uptrend jangka pendek dari wave [iii]. Anda bisa lakukan buy on weakness pada BBTN. Buy on Weakness Range beli : Target price : 2810, 2930, 3000 (weekly) Stoploss : 2620 (weekly close) Potential upside : +11,5% Maximal risk : -3,7%

13 SMBR (Semen Baturaja (Persero) Tbk) Penguatan SMBR kemarin mengkonfirmasi bahwa SMBR sudah selesai membentuk downtrend jangka pendek, dari wave [v] dari wave 5 dari wave (A), dan harusnya SMBR akan terus menguat hingga beberapa pekan ke depan, untuk menyelesaikan wave (B). Silakan buy on weakness pada SMBR Buy on Weakness Range beli : Target price : 1740, 1890(weekly) Stoploss : 1540 (weekly close) Potential upside : +16,7% Maximal risk : -5%

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