JAKARTA: Jakarta Composite Index is expected to move in A mixed direction during today’s trading. There has yet any sentiment positive which can drive the index. The following are recommendation from stock brokerages:
During today’s trading, with the probability of technical rebound, mining and agriculture shares are the best option making it feasible to accumulate until next week. Stocks to watch: SGRO, AALI, LSIP, PTBA, HRUM, and BUMI.
Today, index is expected to move sideways with a tendency to weaken. The support-resistance during today’s trading are ranged within 3,940 – 4,000. Stocks to watch: PTBA, ADHI, PNBN, and SMGR.
JCI was closed at 3,985, over the dynamic pivot (3,983) and mid price (3,977). Buying signal occurred on MFI 5, however the volume hasn’t support the index since only 0.7 from the average of 22 days. We projected JCI will move within a range of 3,952 – 4,015. Stocks to observe: AALI, HRUM, SSIA. (T07/msw)