Oct 20, 2010

Stock recommendations today

Jakarta Composite Index (JCI) is predicted to follow the regional markets, which are expected to decline today, due to US earning results season. The shares worth to monitor include AKRA, BBCA, MYRX,CPIN, SOBI and JPFA.
Here are recommendations from several securities companies as reported by Bisnis.com today:

eTrading Securities:
On Tuesday, JCI jacked up 25 points (0.73%) to 3,592, with foreign investors recording IDR79 billion net sell. JCI is expected to get impact from the earning season in United States. The index will move within the range of 3,557-3,645. Please pay attention to shares like MYRX,CPIN, SOBI are JPFA.

Trimegah Securities:
Spurred by positive regional markets, JCI successfully rebounded 0.7% and showed quite high volatility. The index will test its projected resistant level at 223.6%. Once it makes a breakout, JCI will potentially continue its gain. JCI will move between 3,571-3,512, with recommended shares like AKRA and BBCA.

Panin Sekuritas:
JCI climbed closer to 3,600. Amid the selling trend in mining shares, second-liners and third-liners became the motor of the gains in the index. Today, we predict the index to move mixed and tend to rise. Several shares in consumer goods, mining and property sectors are suitable for short-term trading. The support-resistance levels are between 3,581 and 3,620.

Disclosure: No position at the stock mentioned above.

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