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Daily Chartist Stock Recommendations - 14 October 2024

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0% found this document useful (0 votes)
20 views8 pages

Daily Chartist Stock Recommendations - 14 October 2024

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adenzlatanera
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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DAILY CHARTIST STOCK RECOMMENDATIONS

- Identifying a potential upside -


M. NAFAN AJI GUSTA UTAMA, CTA – SENIOR MARKET CHARTIST
RETAIL BUSINESS DIVISION

Monday, 14th October 2024

This material is prepared by PT. Mirae Asset Sekuritas Indonesia for investment recommendation purpose, prohibited to be used as advertisement and distributed to the
investors. The information contained has been taken from sources which we deem reliable. No warranty is made to the accuracy and completeness of the information. However,
we disclaim any responsibility and liability of this material arising against legal issues regarding customers’ investment outcome in any situations.
TP1: 494 (+2.07%)
TP2: 515 (+6.40%)
TP3: 525 (+8.47%)
AVIA – Channeling up Support: 466

Analyst: M. NAFAN AJI GUSTA, CTA

AVIA rebound as the price is ranging within the boundaries of the up channel. In addition, both MAs 20&60
have established a golden cross formation. ACCUMULATIVE BUY.

DISCLAIMER ON. Chart provided by HOTS Mirae Asset Sekuritas Indonesia

1 | Daily Chartist Stock Recommendations | 14/10/2024 Mirae Asset Sekuritas Indonesia


TP1: 10575 (+1.93%)
TP2: 11000 (+6.02%)
TP3: 12000 (+15.66%)
BBCA – Channeling up Nearest support: 10150

Analyst: M. NAFAN AJI GUSTA, CTA

BBCA is ranging within the boundaries of the up channel. In addition, Stochastics K_D signal is positive.
ACCUMULATIVE BUY.

DISCLAIMER ON. Chart provided by HOTS Mirae Asset Sekuritas Indonesia

2 | Daily Chartist Stock Recommendations | 14/10/2024 Mirae Asset Sekuritas Indonesia


TP1: 4340 (+4.33%)
TP2: 4930 (+18.51%)
TP3: 5350 (+28.61%)
INCO – A true markup phase potential Support: 4120 & 4020

Analyst: M. NAFAN AJI GUSTA, CTA

INCO is escalating towards the wave 3 as true markup phase is potentially established. In addition, both MAs
20&60 have established a golden cross formation. ACCUMULATIVE BUY.

DISCLAIMER ON. Chart provided by HOTS Mirae Asset Sekuritas Indonesia

3 | Daily Chartist Stock Recommendations | 14/10/2024 Mirae Asset Sekuritas Indonesia


TP1: 3060 (+3.03%)
TP2: 3220 (+8.42%)
SILO – Minor channeling up Support: 2910 & 2810

Analyst: M. NAFAN AJI GUSTA, CTA

SILO is ranging within the boundaries of the minor up channel. In addition, a bullish pin bar is detected
signifying buying stimulus as volume began to increase. ACCUMULATIVE BUY.

DISCLAIMER ON. Chart provided by HOTS Mirae Asset Sekuritas Indonesia

4 | Daily Chartist Stock Recommendations | 14/10/2024 Mirae Asset Sekuritas Indonesia


TP1: 2350 (+3.52%)
TP2: 2540 (+11.89%)
UNVR – Accumulating Support: 2235 & 2140

Analyst: M. NAFAN AJI GUSTA, CTA

UNVR is accumulating within the boundaries of the right-angle descending broadening wedge pattern. A bullish cup
and handle shall be visible if breakout occurs as both Stochastics K_D and RSI signals are positive. ACCUMULATE.

DISCLAIMER ON. Chart provided by HOTS Mirae Asset Sekuritas Indonesia

5 | Daily Chartist Stock Recommendations | 14/10/2024 Mirae Asset Sekuritas Indonesia


Thank you
Important Disclosures & Disclaimers

Disclosures
As of the publication date, PT Mirae Asset Sekuritas Indonesia, and/or its affiliates do not have any special interest with the subject company and do not own 1% or
more of the subject company's shares outstanding.

Analyst Certification
The research analysts who prepared this report (the “Analysts”) are registered with the Indonesian jurisdiction and are subject to Indonesian securities regulation.
They are neither registered as research analysts in any other jurisdiction nor subject to the laws and regulations thereof. Opinions expressed in this publication
about the subject securities and companies accurately reflect the personal views of the Analysts primarily responsible for this report. Except as otherwise specified
herein, the Analysts have not received any compensation or any other benefits from the subject companies in the past 12 months and have not been promised the
same in connection with this report. No part of the compensation of the Analysts was, is, or will be directly or indirectly related to the specific recommendations or
views contained in this report but, like all employees of, PT Mirae Asset Sekuritas Indonesia, the Analysts receive compensation that is impacted by overall firm
profitability, which includes revenues from, among other business units, the institutional equities, investment banking, proprietary trading and private client
division. At the time of publication of this report, the Analysts do not know or have reason to know of any actual, material conflict of interest of the Analyst or, PT
Mirae Asset Sekuritas Indonesia except as otherwise stated herein.

Disclaimers
This report is published by PT Mirae Asset Sekuritas Indonesia (“Mirae”), a broker-dealer registered in the Republic of Indonesia and a member of the Indonesia Ex
change. Information and opinions contained herein have been compiled from sources believed to be reliable and in good faith, but such information has not been
independently verified and Mirae makes no guarantee, representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness
of the information and opinions contained herein or of any translation into English from the Bahasa Indonesia. If this report is an English translation of a report
prepared in the Indonesian language, the original Indonesian language report may have been made available to investors in advance of this report. Mirae, its
affiliates and their directors, officers, employees and agents do not accept any liability for any loss arising from the use hereof. This report is for general
information purposes only and it is not and should not be construed as an offer or a solicitation of an offer to effect transactions in any securities or other financial
instruments. The intended recipients of this report are sophisticated institutional investors who have substantial knowledge of the local business environment, its
common practices, laws and accounting principles and no person whose receipt or use of this report would violate any laws and regulations or subject Mirae and
its affiliates to registration or licensing requirements in any jurisdiction should receive or make any use hereof. Information and opinions contained herein are
subject to change without notice and no part of this document may be copied or reproduced in any manner or form or redistributed or published, in whole or in
part, without the prior written consent of Mirae. Mirae, its affiliates and their directors, officers, employees and agents may have long or short positions in any of
the subject securities at any time and may make a purchase or sale, or offer to make a purchase or sale, of any such securities or other financial instruments from
time to time in the open market or otherwise, in each case either as principals or agents. Mirae and its affiliates may have had, or may be expecting to enter into,
business relationships with the subject companies to provide investment banking, market-making or other financial services as are permitted under applicable
laws and regulations. The price and value of the investments referred to in this report and the income from them may go down as well as up, and investors may
realize losses on any investments. Past performance is not a guide to future performance. Future returns are not guaranteed, and a loss of original capital may
occur.

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