May 20, 2011

Stock recommendations today

Jakarta Composite Index (JCI) is expected to continue its further gain on the back of positive catalysts both from overseas and domestic markets. The strengthening demand on commodities from China as well as the lowered interest rate imposed by The Fed may drive regional and domestic markets. Here are stock recommendations as quoted by today:   
Panin Sekuritas:
The JCI enabled to continue further gain yesterday. The increase was mainly underpinned by the hike of commodities prices as well as regional stock markets.
Expectation of lowered interest rate imposed by the Fed and higher demand on commodities from China will be positive catalyst for the regional market movement. Japan recession is expected to put into effect of the regional markets. The index is estimated to be mixed today despite profit taking risk. We calculate that the index may move in a support-resistance levels of 3,840-3,880. Top picks are BBRI, INTA, and BUDI.

Sinarmas Sekuritas:
Today, the JCI technically tends to strengthen in the range of 3,845-3,871. Stocks to watch: INCO, ITMG, BMRI, and SMGR.

e-Trading Securities: 
Investor shall consider risk of profit taking after candlestick breaks line of upper bollinger band. Today, we estimate that the JCI may move in the range of 3,824-3,879/ Stocks to watch: BMRI, PTBA, and PGAS.

Disclosure: No position at the stock mentioned above.

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