Jul 25, 2011

Stock recommendation today

Jakarta Composite Index (JCI), a benchmark that measures all stock prices at Indonesia Stock Exchange (IDX), today is estimated to move within the range of 4,068-4,153 with a limited uptrend. However, technically, the index is already overbought. Here are stock recommendations provided by Bisnis Indonesia daily today:
e-Trading Securities:
The JCI may move within the range of 4,068-4,153. Several stocks to watch: MAPI, GJTL, and AALI. Last week, the index inched up 0.95% to 4,106 with total transaction of Rp5.2 trillion.

Reliance Securities:
The index uptrend is targeted to reach 4,179. But, the JCI technically shows an overbought. In the short term, first support and second support may move at 4,090 and 4,040. Stocks to monitor: KLBF, BBCA, and PGAS.

Disclosure: No position at the stock mentioned above.
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