Dow Jones Industrial Average surged 1.7% and is up 4% in the past 4 days. The euro enjoyed its best day in a month. Gold, which has been seen as a safe asset, tumbled back below US$1,800 a troy ounce. How about Indonesia stock market today? Several local brokerages provide their recommendations today:
Jakarta Composite Index (JCI) today may rebound and move within the range of 3,733-3,821. Several stocks to watch: BBRIO, MYOR, and BBCA. The JCI yesterday slightly declined 0.65% to 3,774.33 on the back of gains in most of regional stock markets.
The index today is estimated to swing within the range of 3,700-3,812. There are opportunities to buy several oversold stocks.
Minna Padi Investama:
Investor should consider sell action that may happen today. Several stocks to watch: ASRI, APLN, and BBRI. Yesterday, the JCI was still under pressure by massive sell.
Technically, the index tends to fluctuate within the range of 3,713-3,830 today. Stocks to watch: ISAT, BBRI, and BBCA.
Disclosure: No position at the stock mentioned above.
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