Research

IHSG: Careful, April Fools

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Algo Research Team

Market | Apr 04, 2023 | Views: 38

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Key Summary:

  • Likely one more rate hike before a pause
  • What now for IHSG? Watch dividend, GDP and guidance
  • IHSG is not as attractive relative to peers

April will be a slow month with only 14 trading days. We remain a seller around 6,800 and a tactical buy near strong support around 6,500 as IHSG remains in a downtrend channel. Expect lack of liquidity to create a potential volatile month like in March should there be a new narrative in the market. Nonetheless, tail risks are getting "fatter" which means rising probability of a black swan event. Remain cautious and do not forget to increase cash position (take profit or cut loss) before the holidays.


Quote in 2Q23: "knowing when to sell is much harder than knowing when to buy"

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