Company stock chosen:

1. PT Mitra Adiperkasa Tbk.

2. PT Merdeka Copper Gold Tbk. 

3. PT XL Axiata Tbk.

4. PT Resource Alam Indonesia Tbk.

Reasoning why choosing those company’s stock is:

1. PT Mitra Adiperkasa Tbk. (MAPI)

• Strong uptrend stock price

• The price in the support area at 1880-1910

• Positive crossing on Stochastic tools and below 50 points

• Q1 and Q2 revenue increasing from last year Q1 and Q2 revenue

• Q2 net profit increasing from last year Q2 net profit

• Q2 EPS increased compared to last year Q2 EPS

• From last 5 years, MAPI price always increasing for October and November 4 times, because people likely to spend their income at the end of each year

• The PE band of  MAPI is below the average 5 years

2. PT Merdeka Copper Gold Tbk. (MDKA)

• Most Likely, the price of Coal company will increase for the end of the year

• Uptrend stock price

• The Stochastic tools (below 50 points) depict that the investor already reach selling saturation point, and the price will increase

• Q1 and Q2 revenue increasing from last year Q1 and Q2 revenue

• The current price lie in the support area (3250 - 3750) and the trend line, that indicate the price will bounce and increase

3. PT XL Axiata Tbk. (EXCL)

• Uptrend stock price

• EXCL price already bounce from the support area (2230-2280)

• The stochastic tools indicate a positive crossing that depict the price will increase

• Most Likely, the price of Coal company will increase for the end of the year

• Q1 and Q2 revenue increasing from last year Q1 and Q2 revenue

4. PT Resource Alam Indonesia Tbk. (KKGI)

• Net income in the past 2 years (2021-2022) is increasing exponentially from 29B (Q1 2021) TO 171B (Q4 2022)

• Revenue, linear with net income, also increased last year, from 601B (Q1 2022) to 1253B (Q4 2022). This shows that this year is potentially to increase as well

• All time high in August 2022 (Rp760)  proof stock has opportunities

• Uptrend stock price

• The current price lie in the support area (505-525) and the trend line, that indicate the price will bounce and increase

• The stochastic tools indicate a positive crossing (below 50 points) that lead to increase price