Stock Recommendations for ANTM, BRIS, BRPT and CUAN for Today

STOCK RECOMMENDATIONS - JAKARTA. The IDX Composite Index (IHSG) strengthened by 0.44% or 32.26 points to the level of 7,335,545 until the end of trading on the Indonesia Stock Exchange (IDX), Friday (16/2).

MNC Securities analyst Herditya Wicaksana stated, in trading on Friday (16/2) the IHSG strengthened by 0.44% to 7,335 and was still dominated by buying volume.

On the black label, the position of the IHSG is already at the end of wave b from wave (ii).

Therefore, the IHSG in today's trading, Monday (19/2) is predicted to be vulnerable to correction again forming the beginning of wave c to its nearest range area at 7,200 - 7,302, noting that the IHSG has not been able to break resistance at 7,403.

"The good news is, if the IHSG can break 7,403, then the IHSG has the opportunity to strengthen again forming a red label to test 7,420 - 7,500," said Herditya in research, Sunday (18/2)

Furthermore, MNC Securities projects the IHSG today, will test support at the level of 7,249 - 7,198. Meanwhile, the IHSG will test resistance at the position of 7,350 - 7,403.

Here are stock recommendations from MNC Securities for the beginning of the week (19/2):

1. PT Aneka Tambang (ANTM)

ANTM corrected 0.65% to 1,530 and was dominated by sales volume, its movement was also below MA20.

"We estimate, the position of ANTM is currently at the beginning of wave (ii) from wave [i] so that ANTM is still vulnerable to correction while closing its gap," he said.

Recommendation: Buy on Weakness

Price Target: IDR 1,610 - 1,735

Stop Loss: Below IDR 1,405

2. Bank Syariah Indonesia Tbk (BRIS)

BRIS corrected 2.51% to 2,330 and was still dominated by sales volume. Currently, the position of BRIS is estimated to be at the beginning of wave (iv) from wave [i] from wave 3, so BRIS is still vulnerable to continue its correction and can be used for BoW.

Recommendation: Buy on Weakness

Price Target: IDR 2,470 - 2,540

Stop Loss: Below IDR 1,190

3. PT Barito Pacific Tbk (BRPT)

BRPT strengthened 0.50% to 1,010 accompanied by the emergence of buying volume, but BRPT's strengthening is still held back by MA200. As long as BRPT is still able to move above 965 as its stop loss, then the current position of BRPT is estimated to be at the beginning of wave [b] from wave B.

Recommendation: Spec Buy

Price Target: IDR 1,110 - 1,195

Stop Loss: Below IDR 965

4. PT Petrindo Jaya Kreasi Tbk (CUAN)

CUAN strengthened 11.81% to 6,625 accompanied by the emergence of buying volume. According to Hwrditya, as long as CUAN is still able to be above 5,500 as its stop loss, then the current position of CUAN is estimated to be at the beginning of wave (B) on the black label.

"So CUAN still has the opportunity to continue its strengthening," he said

Recommendation: Spec Buy

Price Target: IDR 7,450 - 8,650

Stop Loss: Below IDR 5,500