Jun 1, 2011

Stock recommendation today

Yesterday’s retained gain somehow reflects investors’ 'wait and see' on May’s inflation announcement as well as the growing rumor on rising fuel price. 
Today’s positive sentiment is attributed by expectation on deflation and regional markets’ jump. The recommended stocks are BMTR, BBRI, BMRI, AKRA, ITMG, SGRO, CPIN, KLBF, MNCN, AALI, BBNI, EXCL and  SMCB. Here are stock recommendations as quoted by Bisnis.com today:

Minna Padi Aset Manajemen:
Jakarta Composite Index is estimated to rise with supporting level at 3,815. Announcement of May’s deflation shall drive the market. Recommended stocks are BMTR, BBRI and BMRI.

Reliance Securities:
Technically, JCI shall fluctuate with a tendency to climb. It may move between 3,810 and 3,850. Stocks to watch are AKRA and UNTR with recommendation to sell.

Panin Sekuritas:
Today, we predict that investor will anticipate price commodities’ volatility as they will prefer to transact on mining and plantation stocks. The range of supporting and resistant level is 3,825-3,858. The recommended stocks are BMTR, ITMG and SGRO.

e-Trading Securities:
Technically, MA 5 and MA 20 potentially record golden cross while stochastic may move uptrend as it attempts to penetrate overbought area. Today, JCI may climb and move between 3,813 and 3,868. Stocks to watch: CPIN, KLBF and MNCN.

Sinarmas Sekuritas:
JCI today technically tends to rise within the range of 3,821 and 3,850. Government announcement deflation may grant particular sentiments to index. The recommended stocks are AALI, BBNI, EXCL, and SMCB.

Disclosure: No position at the stock mentioned above.

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