Nov 11, 2010

Stock recommendations today

Investors should highly anticipate the potential profit taking following yesterday’s Jakarta Composite Index (JCI) movement that booked its new highest level. The recommended stocks are BBNI, BBCA, and TLKM. So, what’s in the shopping list today? This is views from local houses as reported by Bisnis.com:

Trimegah Securities:
Although JCI successfully booked its new highest record, its rally was somehow restrained and potentially records a decline today following the tendency of stochastic to move in a dead cross and the Bollinger Band indicator showing the index has somehow been overshot.
However, with the patern of confirmed rising wedge, there is still a chance for the JCI to advance in the short term. The JCI is estimated to move in the range of 3,739-3,767, while top picks for today BBNI, TLKM, and UNVR.

Sinarmas Sekuritas:
JCI posted its fifth consecutive gain and recorded its new highest level. By such high record, investors should highly anticipate today’s profit taking. The Bollinger band indicator shows JCI standing in the overbought are. The index shall swing within the range of 3,702 and 3,783 with some recommended stocks such as UNSP, BBCA, and TLKM.

eTrading Securities:During yesterday’s trading, JCI was closed 19 points or 0.52% higher, touching 3,759 with Krakatau Steel as the top value stock. However, foreign investors still booked IDR234 billion net but. Today, the index may move within the range of 3,700 and 3,780 with some recommended stocks: UNSP, KRAS, TLKM and KARK.
 
Disclosure: No position at the stock mentioned above.  

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