Jakarta Composite Index (JCI) may continue its drops today on the back of crisis in European countries. Here are stock recommendations provided by Bisnis Indonesia daily today:
The JCI technically tends to retreat today within the range of 3,888-3,958. Several stocks to watch: ULTJ, IDKM, AKRA, and INDF.
External factors may shadow the JCI despite wait and see of investors for the first half result performance of publicly listed companies. The selling pressure is expected to fade and the JCI may move in the range of 3,920-3,959.
The index today may move within the range of 3,890-3,962 and continue its drops. Several stocks to monitor: AALI, CLPI, and BKSL.
Profit taking actions are predicted to shadow the JCI today. The support and resistance levels are 3,909 and 3,953 and potential drop to 3,889. Investors should be in wait and see position.
Disclosure: No position at the stock mentioned above.
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