Investors last week managed to push stocks, at least temporarily, up and out of the volatile trading range in which they had been stuck for more than two months.
Until Friday last week, the Dow Jones Industrial Average, as quoted by WSJ.com, had been caught in a 1,000-point band between 10,650 and 11,650.
Violent up-and-down lurches of more than 1% a day became commonplace. With Friday's 267.01-point surge, the Dow exited from that range, finishing at 11,808.79. How about Indonesia market today? Here are stocks recommendation provided by Bisnis Indonesia today:
Today, Jakarta Composite Index (JCI) may consolidate with the closest support level at 3,579 and move within the range of 3,579-3,665. Several stocks to watch: BDMN, INTP, and CTRP.
The JCI tends to retreat and may test the level of 3,590-3,650. The index is estimated to fluctuate in which investor is still waiting the voting result and the meeting of European leaders.
Technical, the index tends to be mixed within the range of 3,570-3,670 today. Several stocks to watch today: SGRO, ISAT, UNVR, and BDMN,
Disclosure: No position at the stock mentioned above.
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