Indonesian Stock Market Analysis for Friday Trading

IHSG Closes Lower on Thursday

The Indonesian Composite Index (IHSG) ended Thursday's trading session in the red, closing 0.20% lower at 8,371.99. This decline represented a loss of 16.56 points from the previous day's close. Market analysts from various securities firms provided technical recommendations for several stocks for Friday's trading session based on their technical indicators and chart patterns.

Technical Analysis of Selected Stocks

1. PT Dharma Satya Nusantara Tbk (DSNG) The stock price movement of DSNG remains in a bearish consolidation phase, supported by negative signals from the Stochastics Oscillator and RSI. The trading volume has also shown a decline. On Thursday, DSNG shares closed 2.40% lower at Rp 1,630 per share. Analyst Nafan Aji Gusta from Mirae Asset Sekuritas recommends: Hold

• Support: Rp 1,540
• Resistance: Rp 1,695

1. PT Solusi Sinergi Digital Tbk (WIFI) The chart pattern for WIFI shows a three black crows pattern, accompanied by a weakening RSI and declining MACD & Stochastic indicators, along with decreased trading volume. A buy entry could be considered if the stock corrects but holds above Rp 3,330 per share. On Thursday, WIFI shares closed 0.88% lower at Rp 3,370 per share. Achmad Yaki from BCA Sekuritas recommends: Buy on Weakness

• Support: Rp 3,250
• Resistance: Rp 3,600

1. PT United Tractors Tbk (UNTR) UNTR's stock movement shows limited upside potential and may be poised for a correction to test its MA20 support level and the support of its bullish channel. The Relative Strength Index (RSI) stands at 63, with MACD Histo at +64. On Thursday, UNTR shares closed 0.18% lower at Rp 28,250 per share. Muhammad Wafi from Korea Investment & Sekuritas Indonesia (KISI) recommends: Sell

• Support: Rp 26,800
• Resistance: Rp 28,500

These technical analyses provide investors with insights into potential trading strategies for Friday's session based on current market trends and indicators.