Stock Recommendations
Jakarta - Composite Stock Price Index (JCI) yesterday closed lower amid thin regional bourses are already rebounding. Investors are still very cautious in an atmosphere of global financial markets is still uncertainty.
In trading Thursday (10/06/2010), Jakarta Composite Index closed down 15.006 points (0.53%) to the level of 2770.787. LQ 45 Index also fell 4.449 points (0.82%) to a level of 534.169.
But CSPI now ready to race again. CSPI on Friday trade (11/06/2010) is predicted to move sharply higher thanks to the positive sentiment strengthening regional bourses. Investors will utilize the momentum of this reinforcement to hunt again leading stocks that have been cheap.
Wall Street closed higher yesterday as well as recording its best day after nine days slumped. In trading Thursday (10/06/2010), the Dow Jones index closed sharply higher to 273.28 points (2.76%) to the level of 10172.53. Index Standard & Poor's 500 climbed 31.15 points (2.95%) to a level of 1086.84 and the Nasdaq gained 59.86 points (2.77%) to a level of 2218.71.
Japanese stocks also opened immediately strengthened. Nikkei-225 index opened Friday with the increase in trade 158.67 points (1,66%) to a level of 9701.32.
The following recommendations for the stock today:
Foreign Exchange:
JCI movement are still very volatile in the short term. Uncertainty indicates the high volatility in the market. Investors are still awaiting the development of the global economy. Selling pressure is still projected to hit shares bluechips. We projected the index would move in the range of support-resistance 2740-2795.
eTrading Securities:
At JCI closed lower on Thursday, 15 point, on this day the market will see the jobless claims data from U.S. and International trade, short-term JCI forming a bullish divergence on the RSI and the stochastic shows that will perform a golden cross, so the potential for stronger JCI, JCI be in the range 2750 - 2820 which can be observed with saham2 INDF, DILD and BSDE.
Samuel Securities:
JCI weakened due to the financial sector and infrastructure, which weighs big for the decline in the index, hit by negative sentiment from the lowered target short-term IDR three months of 8800 to 9,000 per dollar by Goldman Sachs. The possibility of this sector will still be experiencing short-term pressures. While the consumer goods industry and even higher due to stronger purchasing power. Index is expected to move in 2710-2800 range.
Erdikha Securities:
Jakarta Composite Index closed down 15.01 points to 2770.79 (-0.54%). Decline in most stocks of the financial sector and Grub Astra was the trigger attenuation index, but index is not too deep slowdown caused by the strengthening of the shares of consumption and property. The technical movements of the index are still flat, with strong support at 2750 levels. We estimate the movement of the index ranged from 2720 to 2810. Shares of our recommendations is INDF, WIKA, and BSDE.
Nusadana OSK Securities Indonesia:
CSPI today is expected to increase, with estimates of the nearest resistance R1 (2,808.34) and the nearest support between S2 and S1, or about the level of 2,764.99.
Daily risk this time around the level of 35.43%, which occurred Even if such corrections are expected to tend to be stuck in S2 (2,756.32). W% R indicator of the possibility of an Optimized bottom reversal, given the tendency to achieve more limited support trendline.
And if today is able to survive on the JCI level Q (2,791.00), then the opportunities are open to the R4 level (2,860.36) within the next week.
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