Oct 11, 2010

Stock recommendations today

Several securities companies provide stocks recommendation to be traded this week, including AKRA and EXCL. Here are recommendations as reported by Bisnis.com today:

Trimegah Securities:As correction continues in Jakarta Composite Index (JCI), strong selling pressure will appear since the beginning of trading session this morning. With sharply declining trend on the Stochastic, there is a chance of further correction. EMA-10 standing at 3,524 is expected to restrain the drop in the index. The index will move within the range of 3,524-3,555, with recommended shares: AKRA and EXCL.

Sinarmas Sekuritas:JCI today will expectedly continue the weaken trend, leading to psychological level 3,500. The pressure on the JCI is ignited as investors keep selling shares, which are presumed to be overbought.

Erdikha Sekuritas:JCI fell 39.3 points to close at 3,546.95 (-1,09%). Declines on several bluechip shares drove the index down. In addition, drops in some global markets became negative sentiment for the index.
Technically, JCI will potentially drop, and it must be recognized that there will be more profit taking action. The index will move in the range of 3,510-3,590. The movement of Bakrie Group’s shares is still attractive to watch.

Disclosure: No position at the stock mentioned above.

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