Jakarta Composite Index (JCI) may extend its rally today amid profit taking action. For today's trading, it is recommended to put in your cart stocks like BUMI, SMGR, BORN, and ISAT as reported by Bisnis.com today.
JCI is predicted to move between 3,700-3,775 today. The stocks that are worth a cloce watch include ITMG, ADRO, BUMI, and BORN. Last Monday, the index failed to break in 3,730 which was its resistance and was closed up by 0.71% (26.08 points) to 3,722.35. Foreign investors booked a net buy of IDR217 billion at regular market. Buy ADRO, BORN, and BUMI.
Today we will see the index swing around 3,706-3,741. In the list of recommended shares are BUMI, ISAT, and SMGR. As buying interests still have room to grow, please watch for the profit taking action as the index has moved too fast. Last Monday, new oil record had been the catalyst for the index.
Disclosure: No position at the stock mentioned above.
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