JAKARTA: Jakarta Composite Index is predicted to rebound today however investors should be careful as sells tend to happen in the end of trading week.
US unemployment data, inflation and industrial production of China, which will be released, will drive sentiment to JCI, in addition to developments in Europe.
Stocks to watch: AALI, JTPE, ANTM, INCO, ADHI, UNTR, PNBN, BMRI, KKGI, PGAS, SMCB, WINS, LSIP, ROTI, and BTPN.
JCI might move sideway and narrow to 4,123.
Stochastic shows consolidated movement at oversold area. ADX shows tendency to move to bearish trend with potential rebound. Resistance intraday is 4,171. Recommended shares are AALI, JTPE, ANTM and INCO.
JCI might move mixed with a tendency to gain. Support resistance is 4,118-4,155. We predict potential accumulation of commodity-based shares and rebound. Stocks to watch: ADHI, UNTR, PNBN, BMRI, and KKGI.
JCI potentially rebound and sales at the end of the day. Recommended shares are PGAS, SMCB, WINS, INCO, and LSIP.
JCI closed rose 4 points (+0.11%) to 4,133.63 with transaction recorded at 13.19 million lot or IDR4.9 trillion.
Index might move mixed between 4,100-4,150.
US unemployment claims data, inflation data and China's industrial production levels that will soon be released will give sentiment to the index. In addition, developments in Europe about political certainty in Greece can provide additional sentiment.
Recommended shares are UNTR, SMCB, ROTI and BTPN. (T05)