Saham Pilihan Hari ini 12 November 2024

Summary

In this market update on November 12, 2024, Kang Hadi discusses the current state of the stock market, focusing on the US market's performance, including the Dow Jones reaching an all-time high. He provides insights into key market sectors like banking, gold-related stocks, and the Prayogo Pangestu Group. He highlights specific stock movements, such as PP Group and BCA, and warns about the volatility of gold-related stocks. Hadi offers technical analysis on various stocks, including BRI, BNI, and BRMS, and advises caution with certain stocks while suggesting potential opportunities for short-term gains.

Takeaways

• 😀 Market conditions in the US have improved, with the Dow Jones reaching an all-time high and the S&P 500 showing positive growth.
• 😀 The market's direction in the short term depends on upcoming inflation data and the PPI report, with expectations for potential rallies if the data is positive.
• 😀 Statistics suggest that after Donald Trump's election, the market typically rallies for 4-5 days, indicating a possible short-term market rebound.
• 😀 The Jakarta Composite Index (IHSG) has experienced some resistance but is expected to move towards 7,300 with support from the Prayogo Pangestu group.
• 😀 Bank stocks, including BNI, BRI, and BCA, are showing mixed technical signals, with some potential for short-term rebounds despite ongoing selling pressure.
• 😀 Gold-related stocks, such as BRMS, are likely to face downward pressure due to falling gold prices, which may lead to a period of sideways trading.
• 😀 The Prayogo Pangestu group stocks, particularly Brand Group, have shown significant growth and are poised to break out if they surpass certain resistance levels.
• 😀 For short-term traders, there are opportunities in various sectors, especially in stocks with volatile movements like Cuan, though caution is advised due to low volume.
• 😀 Banking stocks, despite foreign selling, are technically showing potential for minor rebounds, and traders are advised to focus on moving averages for potential entry points.
• 😀 Investors should be cautious with Bakri Group stocks and monitor developments in their respective commodities, as they may experience further volatility or consolidation.
• 😀 For stocks like Telkom, Bumi, and Antam, the outlook remains uncertain with no clear upward momentum, and investors should be cautious while waiting for better entry points.

Q & A

What was the main focus of the analysis in the script?

The script provides a detailed market analysis for November 12, 2024, focusing on various stock movements, including the performance of major indices, specific companies, and sector trends such as banking, energy, and commodities.

How did the US stock market perform recently?

The US stock market saw gains, with the Dow Jones rising by about 0.69%, reaching an all-time high. The S&P 500 increased by 6.1 points, while the Nasdaq experienced a slight correction.

What is the expected market behavior in the short term?

The market is expected to remain relatively sideways in the short term, especially with key data announcements on inflation and PPI coming up. If inflation data is positive, the market could rally, while any increase in inflation might lead to a correction.

What is the significance of the 7,300 level for the Indonesian stock market (IHSG)?

The 7,300 level is a key target for the Indonesian Stock Exchange (IHSG). The analysis suggests that it is a reasonable expectation, driven by stocks in the Prayogo Pangestu group and the banking sector.

How did the banking sector perform in the market?

The banking sector showed some recovery, with BNI, BRI, and BCA all closing gaps in their respective stock prices. Despite foreign selling pressure, technical indicators suggest potential for a short-term rebound.

What are the prospects for gold-related stocks like BRMS?

Gold-related stocks such as BRMS are expected to face challenges due to a drop in gold prices. The stock is likely to consolidate around 2,600 in the near term, with any significant downward movement expected if gold prices continue to decline.

What are the key technical indicators for BCA and other banking stocks?

For BCA, the stock is trading near its 200-day moving average, with the oscillator showing a downward trend. There are gaps between 4,750 and 4,800 that could act as resistance. Traders should monitor the 10,200 level for possible retracement or profit-taking.

How does the Prayogo Pangestu Group impact the Indonesian stock market?

The Prayogo Pangestu Group, particularly stocks like PP and PPG, are considered important drivers for the IHSG. The group's performance, which has shown strong results recently, is helping push the index towards the 7,300 target.

What are the key risks for energy and mining stocks like BRMS and Bumi?

Energy and mining stocks such as BRMS and Bumi are facing pressure due to lower commodity prices, particularly gold. While there is potential for short-term rebounds, these stocks are generally expected to show sideways movement unless there's a significant uptick in commodity prices.

What should investors watch out for in terms of stock movements this week?

Investors should watch the movement of stocks in the Prayogo Pangestu Group and the banking sector for potential rebounds. They should also be cautious with stocks like BRMS and energy stocks, as they are showing signs of consolidation or correction. Additionally, inflation data and PPI announcements later in the week will influence market sentiment.