Chart View of WSBP - Waskita Beton Precast by Saelsita Stocks.

WSBP atau PT. Waskita Beton Precast Tbk was established on October 7, 2014. The Company is engaged in manufacturing of precast and ready mix concrete. The company is one of the subsidiaries of PT. Waskita Karya (Persero) Tbk (WSKT), a leading state-owned construction company in Indonesia (Idnfinancials 2017).

Today, WSBP is closed at 525 with 555-570 as its nearest resistant (R1), 590-600 as the next resistant (R2), and 520-510 as its nearest support (S1). The chart is showed below:

The RSI line is at 40 with position below its signal line. MACD indicator is below 0. The MA lines indicate that in short term period, WSBP's price moves in downtrend (bearish). The bearish sign can be seen when the shortest period of MA line is below its shorter period of MA line, and the shorter period of MA line is below its short period of MA line (e.q. MA5 < MA20 < MA50). Volume MA (VMA) lines show that the trade volume for almost 5 months period is small.

Conclusion:

WSBP is moved in downtrend. One better wait to see if its support (S1) is strong enough to hold the decrease of WSBP market price. Wait for a reversal sign to enter/buy. For those who still hold WSBP, wait for the reversal sign to average down. I think WSBP is a good stock and its industry is in the front-line of Indonesia economy strategy.

Contacts:

Twitter : @LowFreqTrading
Telegram : t.me/SaelsitaStocks
Facebook : Saelsita Stocks

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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