Jakarta Stock Index (JCI), a stock benchmark that measures all stock prices at Indonesia Stock Exchange, is predicted to move lower today on the back of negative impacts from the global markets and economy. Here are stock recommendations provided by Bisnis Indonesia daily:
To return to positive zone, the support level of 3,790 is a must for the JCI. Positive signal of stochastic in oversold area may bring the index to test resistance level of 3,830. Buy recommendations on ASII, BBRI, and UNTR.
The JCI is estimated to move within the range of 3,771-3,839. On last Friday, the index ended 0.49% lower or 18.54 points to 3,787.65. All sectoral indexes dropped, except financial and infrastructure sectors which made positive increase. Recommended stocks: BUMI and BWPT.
Disclosure: No position at the stock mentioned above.
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