Jakarta Composite Index, Indonesia's benchmark index, may test its new level at 3,800 today. Yet, profit taking shall be anticipated as the index has already gone too far. Here are stock recommendations as quoted by Bisnis.com today:
Technically the index will tend to strengthen in the range of 3,786-3,821 today. The securities company recommends 'buy' on stocks like JSMR, BBNI, BUMI, and SMCB.
The JCI starts to enter overbought area, thus the investors need to anticipate such profit taking in short run. The index may move between 3,760-3,830, with recommended shares to buy including BORN and SMCB. Last week, the index was closed up by 0.17%or 6.32 points to 3,801.08. The stronger industrial and trading stocks sustained the index, leading it to break new record at above 3,800.
The JCI today may move at the range of 3,771-3,824. Several stocks such as BORN, BBNI, and INDY shall be watched by investor.
Disclosure: No position at the stock mentioned above.
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