Technical Trading Recommendations for BBRI, ELSA, CPIN, Today (3/27)

STOCK RECOMMENDATIONS – JAKARTA. The IDX Composite Index (IHSG) dipped slightly on Tuesday, closing down 0.16% at 7,365.66.

Here's a look at three stocks analysts are watching for Wednesday's trading session:

PT Bank Rakyat Indonesia Tbk (BBRI)

• Technical indicators suggest a potential buying opportunity for BBRI. The MACD indicator has formed a bullish "golden cross" signal, and the stochastic oscillator remains in positive territory. The stock price is currently trading between the middle and upper Bollinger Bands.
• Recommendation: Buy on Weakness
• Support: Rp 6,000
• Resistance: Rp 6,500
• Analyst: Kiswoyo Adi Joe, Nawasena Abhipraya Investama

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  BBRI Chart by TradingView

   

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PT Elnusa Tbk (ELSA)

• ELSA's share price declined yesterday accompanied by increased trading volume. However, the stock remains above its 20-day moving average (MA20). The MACD indicator is flat in negative territory, while the stochastic oscillator is approaching overbought levels.
• Recommendation: Buy on Weakness
• Support: Rp 386
• Resistance: Rp 398
• Analyst: Herditya Wicaksana, MNC Securities

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  ELSA Chart by TradingView

   

PT Charoen Pokphand Indonesia Tbk (CPIN)

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• CPIN's chart formed a bullish "hammer candlestick" pattern yesterday, accompanied by a rise in trading volume. However, the RSI indicator is weakening, and both the MACD and stochastic oscillators are in overbought territory.
• Recommendation: Trading Buy
• Support: Rp 5,000
• Resistance: Rp 5,400 - Rp 5,525
• Analyst: Achmad Yaki, BCA Securities

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  CPIN Chart by TradingView

   

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Investors are advised to conduct their own research before making any trading decisions.