Jakarta Composite Index, the index which measures all stocks at Indonesia Stock Exchange (IDX), today is estimated to reverse after it hit overbought area. Several stocks such as BBNI, UNTR, and INCO, shall be considered. Here are stock recommendations as quoted by Bisnis Indonesia daily today:
The JCI technically reached an overbought level. The index may reverse and move at the range of 3,770-3,815. Stocks to watch: BBNI and UNTR with sell recommendation.
The index technically may move in a mixed level with uptrend possibility. The quarterly financial report released by companies is showing positive trend. Stocks to watch: BBCA, INCO, ASII, and UNVR.
Disclosure: No position at the stock mentioned above.
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