Jan 7, 2011

Stock recommendations today

Jakarta Composite Index (JCI) today is estimated to move lower after the first correction following the consecutive 8 days increase. Here are recommendations from local stock brokerages as quoted from Bisnis Indonesia daily:

Erdikha Sekuritas:
JCI today is expected to move between 3,709-3,777 after experiencing 1.25% drop as profit taking engulfing the whole sectoral indexes. However, property, trading and services rose. Stock recommendations today are AALI and CPIN. 

Reliance Securities:
JCI is estimated to move lower at the range of 3,720-3,752 after cutting EMA (5) line at the position of 3,742. The index was closed 1.25% lower to 3,736.3. Top picks UNTR, BWPT, TLKM, and PGAS.
e-Trading Securities:
Technically,  stochastic starts showing a downtrend phase, while MACD hasn't provided any sign of the phase. JCI today is predicted to move between the range of 3,687-3,798. Watch ASII, BRAU, MPPA, and WINS.

Panin Sekuritas:
JCI is expected to walk at the support and resistance level of 3,715-3,751 after experiencing the first drop yesterday in 8 days increase. The drop was dragged down by commodity price drops and the down of stock indexes in Asia as well.

Disclosure: No position at the stock mentioned above.  

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