Apr 12, 2011

Stock recommendations today

Jakarta Composite Index (JCI) today will see profit taking and selling pressures to get into the market as index is approaching to its highest. Here are stock recommendations as quoted by Bisnis.com today:

Reliance Securities: 
Technically the candlestick pattern shown at JCI indicates bearish reversal to take place today and RSI indicator also confirms overbought situation. Thus the company believes the index to weaken and move between 3,720-3,780. The recommended shares for 'sell' are ANTM, PGAS and BMRI.

Panin Sekuritas: 
The index is estimated to move mixed in limited range as the index is approaching the highest and selling pressures are likely to escalate. The securities sets support-resistance level at 3,727-3,775 with recommended shares to collect UNTR, BWPT, and SMCB.
eTrading Securities: 
The potential for the index may move between 3,712-3,771 with the recommended shares like JSMR, TLKM, and SMCB.

Erdikha Sekuritas: 
Indonesia's benchmark index to move between 3,705-3,770 with the recommended shares like LSIP and SMCB. 

Disclosure: No position at the stock mentioned above.

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