Jakarta Composite Index (JCI) may weaken today after moving sideways on the absence of positive sentiment at the market. Here are stock recommendations as quoted by Bisnis.com today:
The index needs energy to move out of the consolidation area of 3,810 - 3,850. Tigthening the stop-loss at 3,780, the index will be traded in the range of 3,815 - 3,845. Buy BMRI, BBNI, and ASII.
It predicts the JCI to move sideways with tendency to weaken. The support-resistance is projected at 3,805-3,850. The recommended shares are GGRM, HRUM, and JPFA. It noted that the capital outflow pushed down the index yesterday. Soft prospect of the global economy coupled with the estimation of weakening US economy, European debt crisis and global inflation due to commodity price hike encouraged investors to realize gain.
The brokerage also predicts a weakening to take place at the stock market, to around 3,810-3,841. Regional sentiments will influence today's trading. It suggests to monitor shares like INCO, SMGR, HRUM, and ISAT.
Disclosure: No position at the stock mentioned above.
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