The index is to move mixed according to the global market dynamic as investors will still anticipate teh decisions taken US Federal Reserves on interest rates and stimulus package. Here are stock recommendations provided by Bisnis.com today:
Jakarta Composite Index (JCI) may technically fall after it was closed under MA3 and by considering RSI indicator showing that JCI enters weakening momentum. It will move between 3,740 – 3,780 with recomended shares to sell like MAPI, ASGR, and UNTR.
The index is predicted index to move between 3,733 – 3,802 with shares to buy including AALI, PTBA, and JSMR.
The earnings reports from listed companies in first quarter to be catalyst for the market in newxtfew trading days. The support-resistance level today is between 3,742-3,789 and recommended shares are INDF, AKRA, SMGR.
The JCI may technically weaken to the range of 3,751-3,795. metalprice which tends to fall in first three months this year and anticipation against earnings reports will be underlying sentiment for the index. The recommended shares are PGAS, BNGA, BLTA, and AALI.
Disclosure: No position at the stock mentioned above.
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