Oct 29, 2010

Stock recommendations today

The quarterly earnings season will still become the underlying of positive sentiment to the movement of Jakarta Composite Index (JCI). The recommended shares for today's trading are INCO, INDF, and PGAS.
Below is the complete insight for your recommendation as reported by Bisnis.com today. 

Panin Sekuritas:
Quarterly earning reports were still the positive underlying in yesterday's trading after the investors did profit taking one the day before. The financial report is still the focus of investors until the end of the week. The index will tend to volatile in the range of 3,618-3,660.

Trimegah Securities:
JCI is potentially to consolidate with resistant level of 238.2%. Yet, JCI is still prone to correction. Today, the index will be moving in the range of 3,609-3,653, with recommended shares, like INCO, INDF and PGAS.

e-Trading Securities:
 Yesterday, JCI was closed 14 point (+0.4%) higher at 3,638. Foreign investors booked a net sell of IDR27 billion at regular market. Today, JCI is predicted to be in the overbought area, around 3,612–3,671. The recommended shares are BSDE, INCO, ADES, and BUVA.

Disclosure: No position at the stock mentioned above.

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