Thursday, March 14, 2013

JCI may not necessarily follow the strengthening of Wall Street

Indeks Harga Saham Gabungan (IHSG) or Jakarta Composite Index (JCI) has not necessarily follow the Wall Street movement who scored a record the longest rally since 1996. The Analysts calculate technically, is not as easy as global stock benchmark for JCI to score record.

ETrading Securities Head of Research, Betrand Raynaldi referring to the previous day. "Technically, JCI's decline is part of the consolidation," he described.

He predicted, in trading today (14/3) JCI is expected to be weakened, where it is seen from indicators that generate a bearish signal. "The index is expected to move in the range of 4750-4900 with stocks that can be considered include INDY, INTP, and MAPI," he said.

Muhammad Wafi, Indo Premier Securities analyst observed, the index was again corrected uptrend in the area and the opportunity to enter a bearish trend.

"JCI predicted to potentially weaken the support in 4750 and resist in 4900," he said.

In this condition, he recommended several stocks.
Among these are: INTP (buy), BISI (buy), KLBF (buy on weakness)
(Kontan)

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