Jakarta Composite Index (JCI) is predicted to face another correction today. Here are stock recommendations provided by Bisnis.com today:
Technically the index will weaken to 4,006-4,037. It recommends 'buy' shares like BORN, CMNP, BUMI, and INTP.
The brokerage is anticipating another correction in the index as investors still concern on US and European macro economies. Although it is corrected, the index is still in the uptrend pattern at support-resistance level of 3,994-4,038. It noticed that profit taking hit the index since yesterday after successfully breaking new record high.
We see the correction is still at tolerable level. Some blue chip shares have already made new record highs.
The index may consolidate today at 3,980-4,042. It recommends shares like DEWA, GJTL, and SMGR.
Disclosure: No position at the stock mentioned above.
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