May 19, 2011

Stock recommendations today

The Indonesian benchmark for stock prices dubbed Jakarta Composite Index (JCI) is estimated to record further gain today. Several stocks such as SMCB, ADRO, UNTR, and ITMG could be watched.

Sinarmas Sekuritas:
After the JCI gained 1.08% to 3,840 as an impact of accumulation on blue chip stocks, we estimate that the JCI today may continue further gain in the range of 3,823-3,856. Stocks to watch: SMCB, ADRO, EXCL, and BWPT.

e-Trading Securities:
Stochastic indicator may form pattern of goldencross and RSI which return in uptrend position. We estimate that the JCI may move in the range of 3,813-3,879 with a possible increase. Stocks to watch: UNTR, ITMG, and SMCB.

Disclosure: No position at the stock mentioned above.

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