Jakarta Composite Index (JCI) tends to move lower today on the back of negative impacts from the global economy and markets. Here are stock recommendations provided by Bisnis Indonesia daily:
The regional stock markets movement is still shadowed by the concern of uncertainty in the US economy recovery and Europe. We estimate that the sell-off engulfing the JCI today is fading. Despite lack of positive sentiments, the index may move within the range of support-resistance level of 3,722-3.763.
The index technically may move lower within the range of 3,722-3,780. The uncertainty of the global economy recovery still spreads negative sentiments. Stocks to watch: BDMN, SMGR, TINS, and EXCL.
Minna Padi Investama:
The JCI is predicted to stay at the support level of 3,729. Investors should watch the following drop as lack of positive sentiments. The JCI yesterday dropped 1.03% to 3,748.76. Several stocks to watch: BMRI, INDF, and BBRI.
Disclosure: No position at the stock mentioned above.
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