Indonesian stock benchmark today is estimated to move lower today. Investors still ignore sentiment positive of economic data. Here are stock recommendations today as quoted by Bisnis.com:
Jakarta Composite Index (JCI) today is estimated to move at the range of 3,433-3,533. Stocks to watch are AALI, ASII, and BMRI.
The JCI may move at the range of 3,440-3,490. Recommended stocks: MYOR, BBTN, and BDMN.
We estimate the JCI today may experience further pressure. Investors still ignore positive sentiments from economic growth of K4-10 and rupiah appreciation againts US dollar. We recommend trading for second and third liner stocks despite pressure on blue chips. The JCI is estimated to move at the support and resistance level of 3,410-3,468.
The JCI may be fluctuated today with downtrend area at the range of 3,436-3,495. Technical indicator still reflects downtrend pattern. Stocks to watch are INDF, MYOR, and JSMR.
Disclosure: No position at the stock mentioned above.
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