Dow Jones Industrial Average last night ended with a 4% gain to 11,143.31 and S&P 500 Index jumped 4.6% to 1,172.64 after the US jobless claim reported unexpected drop yesterday. Several stock brokerages estimated that Jakarta Composite Index may continue moving in the positive zone, extending gain in the last 2 days. Here are stock recommendations provided by Bisnis Indonesia daily today:
Minna Padi Investama:
The JCI is swing in the range of 3,805-3,921. The US economy progress and Europe are main keys for the JCI movement. Stocks to watch: AKRA, BMRI, and UNVR.
The index technically today is predicted to be in mixed with uptrend position. The JCI may move within the range of 3,817-3,893. Stocks to watch: GGRM, UNVR, BSDE, and CMNP.
The JCI technically may record gain, regarding to stochastic indicator. MACD histogram signals a reversal in the last 2 days. The index may move in the range of 3,828-3,906 with several stocks to watch: GGRM, PTBA, and DEWA.
Disclosure: No position at the stock mentioned above.
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