May 12, 2011

Stock recommendations today

Jakarta Composite Index, a benchmark that measures all stocks price at Indonesia Stock Exchange (IDX), is estimated to test a new level today in the range of 3,805-3,872. Here are stock recommendations as quoted from

Panin Sekuritas:
In the short term, the JCI tends to be mixed with a room to experience further gain relatively limited. The support-resistance level is 3,818-3,867. Top picks: JPFA, GJTL, ASRI, and BBRI.

Reliance Securities:
With candlestick pattern of white marubozu and RSI indicator which is still showing a rise momentum, we see the JCI today may record gain in the movement range of 3,820-3,850. Stocks to watch: UNTR and ANTM.

Sinarmas Sekuritas:
The JCI today technically tends to move higher in the range of 3,813-3,850. Anticipating the announcement of BI Rate may boost the index. Stocks to watch: ASII, INCO, BBRI, and ASRI.

e-Trading Securities:
The index may move in the range of 3,805-3,872 after showing a candlestick pattern of white marubozu, indicating a continuation of bullish signal. Stocks to watch: UNTR, BJBR, and SGRO.

Disclosure: No position at the stock mentioned above.

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