LPKR or PT Lippo Karawaci Tbk is an Indonesia-based residential and commercial urban developer. The main activities of LPKR include urban development, large scale integrated development, retail malls, healthcare, hospitals and infrastructure and property and portfolio management. Its urban development projects including Lippo Village, Lippo Cikarang, Tanjung Bunga, Royal Serpong Village, and San Diego Hills Memorial Park. LPKR is a member of the Lippo Group (Idnfinancials 2017).
The last price of LPKR was 740. Since 16 Nov 2016, LPKR's market price moves sideways with range 690-815. The nearest support (S1) of LPKR is 700-690 and the nearest resistant (R1) is 775-785. The chart of LPKR is shown below:
The RSI line is at 50 and near to but above its signal. The MACD line is almost at 0 with position above its signal line. Both indicators show market price of LPKR is moved sideway. LPKR current market price is between its MA lines (short and medium term) while its MA200 line is approximately at 915. The longer Volume MA line is above its shorter Volume MA line which indicate the decrease of shares volume traded. The candlestick show only small changes in the price.
Conclusion:
None of the indicators used show an indication of trend change. Therefore it is better for someone, with a long term period, to use Buy on Support (BoS) strategy for LPKR while wait for the breakout to be happened. A breakout from LPKR's resistant sideways range will confirm the entry time for trend followers.
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Disclaimer:
This note is the author's opinion/prediction. This note is prepared as an additional reference for readers and never meant to affect readers' decision in the future. Therefore the author is exempted. Each investor/trader is fully responsible for his/her action in the capital market.
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Disclaimer:
This note is the author's opinion/prediction. This note is prepared as an additional reference for readers and never meant to affect readers' decision in the future. Therefore the author is exempted. Each investor/trader is fully responsible for his/her action in the capital market.
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