Nov 12, 2010

Stock recommendations today

The pressure over Jakarta Composite Index (JCI) is predicted to further continue after the index booked a slight drop of 0.33% to 3,744.62.
Most analysts concerned that the reduced trading volume somehow may become an initial indication over the bearish phase. BBCA, BBNI, ITMG and SGRO are the recommended stocks for today’s trading. So, what’s in the shopping list today as reported by

Sinarmas Sekuritas:
The technical sign indicates that JCI is still prone to the decline during today’s trading. Such notion is also reflected by the Bollinger band indicator showing the index moves in an overbought area. JCI may move between 3,719 and 3,737 with some recommended stocks: ITMG, ADHI, and BBNI.

Trimegah Securities:
Although JCI attempted to continue its gain in the early trading yesterday, the selling pressure to some blue-chip stocks apparently retained the index, resulting in a slight decline of 0.3%. The pressure of the index may also continue.
It should be highlighted that the trading volume may lessen after significantly rising as it may become an initial indication of the bearish market. The index may swing between 3,718 and 3,755 with some recommended stocks such as BBCA and SGRO.

Disclosure: No position at the stock mentioned above.

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