Gema

We believe that the total solar eclipse (11/7) and new moon (12/7) will impact a market peak. Therefore, the Jakarta Composite Index (JCI) is possibly to continue advances to a higher level. From the pattern analysis, we see that JCI is moving in wave 5:5 since there was no an overlap section, and then its indicates a trend rather than a correction. The next high probability target of the JCI is around 3,020-3,060 on 14-15 Jul or 22 Jul 10, just 3 - 4 days from the total solar eclipse event, also Venus Trine Pluto on 14 July 10. This financial astrological event might lift the JCI to a better value.

Traders and investors could consider to buy finance, automotive, cement and consumer stocks. BUMI IJ is also attractive with short-term target Rp2,150. Meanwhile BMRI IJ has opportunity to reaches Rp6,500 then Rp6,750.

Have a good trading day.
Analyzed by Astronacci (TM) trading system. www.stocksforliving.com

Gema Merdeka Goeyardi
gema@stocksforliving.com
081288999950