Nov 22, 2010

Stock recommendations today

Indonesian stocks are predicted to continue rising today. However, investors must be aware of profit taking action. The shares worth watching include INDY, INTP, and LSIP. Here are the complete reviews as reported by today:

Trimegah Securities:
The chance for Jakarta Composite Index (JCI) to extend its gain is getting bigger. Today, the index is predicted to move within the range of 3,705-3,741, with recommended shares including INDY and LSIP.
Last weekend, the index moved within positive territory after hours of trading and ended the session with 1.3% increase to 3,725,05 after breaking the psychological level of 3,700. Consumer goods and commodities became the main drivers for the increases in the index last Friday.

Universal Broker:
Negative sentiments from regional markets will potentially make JCI move mixed within the range of 3,690-3,750 today. If it fails to stay at the support level of 3,690, traders need to anticipate short-term increase. The shares predicted to be target of profit taking action or sell on strength include UNTR, PTBA, and INTP.

Disclosure: No position at the stock mentioned above.

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