May 31, 2011

Stock recommendations today

Despite corrections of regional stock market indexes and drops on commodities prices, investors are in wait and see early this week, anticipating May's inflation rate. Profit taking actions engulfed blue chips yesterday, driving Jakarta Composite Index (JCI) to further consolidated phase. Stocks to watch: JSMR, BWPT, BJBR, UNTR, and BBRI. Here are stock recommendations as quoted by Bisnis.com today:

Sinarmas Sekuritas:
The JCI technically today tends to be mixed within the range of 3,827-3,843. Stocks to watch: JSMR, BWPT, BJBR, and UNTR.

e-Trading Securities:
The index today may move within the range of 3,797-3,849 after it was restrained at a support line MA 20 with candlestick which made spinning top pattern. Stocks to watch: BBRI and BJBR.

Panin Sekuritas:
The national market may be affected by unfavorable regional stock markets, amid European countries economy prospect. We estimate the JCI today may move within the range of support-resistance level at 3,794-3,837.

Trimegah Securities: 
Anticipating the failure to break psychological resistance level and gloomy Japanese industrial, the JCI today is estimated to move in moderat way within the range of 3,610-3,650.

Minna Padi:
The index today is estimated to be flat in the range of strong support level of 3,804 after it slightly fell 0.16% to 3,826.14. On average, blue chips were in red. Several stocks such as BMRI (support level at IDR7,100) and BBCA (support level at IDR7,000) have opportunity to rise.

Disclosure: No position at the stock mentioned above.

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