TEMPO.CO, Jakarta - Research Team of PT Samuel Sekuritas Indonesia predicted that the IDX Composite today is still very volatile at around 6,700-6,770. Last week's index entered the demand area at around 6,720. "Still very volatile with a bullish pattern sentiment," the Vice President and Senior Technical Analyst of PT Samuel Sekuritas Indonesia Muhammad Alfatih said in a written statement on Monday, July 10, 2023.

In his analysis today, Alfatih also revealed four stocks investors need to heed, namely ACES, ADRO, INKP, and SMGR.

ACES showed rapid growth by closing at level 720. The growth is predicted to continue to 780-850. "If the correction stops at 690, it is potential to continue rising towards the price target," Alfatih said.

Second, ADRO closed at level 2,380 or corrected and stayed above support. As long as the risk limit does not surpass 2,340, there is a potential to rise to 2,530, then 2,650. The next demand area is at level 2,250. 

INKP, the third stock, closed at level 8,850 or strengthening, already reaching the price target with strong resistance. The price will be corrected to 8,600 to 8,400."However, if it rises to over 9,000, the next supply is at 9,250," Alfatih added.

Furthermore, Alfatih said that the fourth SMGR stock closed at 6,425 or reached the price target, close to resistance. There is a possibility of stock correction to 6,300-6,150 before continue rising. "If it surpasses 6,475, the next area supply will be at 6,625-6,700," he said.

MOH. KHOIRY ALFARIZI

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