Rabu, 02 Maret 2011

Inspired JCI Global Stock Rebound

Inspired JCI Global Stock Rebound

Composite Stock Price Index (CSPI) closed lower yesterday along with the weakening that occurs in the world's major exchanges, responding to world crude oil price hikes.



In trading on Wednesday (03/02/2011), JCI closed corrected 26.420 points (0.76%) to the level of 3486. While LQ 45 Index fell 4.121 points (0.66%) to a level of 618.619.

"After the index rose because of euphoria low inflation data released CPM, JCI directly affected by selling pressure. Strengthening previously only temporary. JCI was forced to close down due to foreign investors took profits on mining stocks which have risen some time ago," explained Reza Priyambada
Managing Research Indosurya Asset Management.

The improvement in the world's major bourses under threat despite high oil prices will give a positive sentiment for the JCI movement. In trading Thursday (03/03/2011), JCI is expected to move to strengthen despite the thin-thin it.

Wall Street last night managed to strengthen thin, though still shadowed by the high crude oil prices. Investors responded positively to the economic data that gives a signal to accept the high price of oil.

In trading Wednesday (03/02/2011), the Dow Jones closed rose 8.78 points (0.07%) to the level 12066.80. The broader Standard & Poor's 500 also rose 2.11 points (0.16%) to a level of 1308.44 and the Nasdaq rose 10.66 points (0.39%) to a level of 2748.07.

Japanese Exchange in recent days depressed eventually rebound. The Nikkei-225 Index began trading Thursday with the increase of 60.65 points (0.58%) to a level of 10,553.

The following recommendations for the stock today:

eTrading Securities:

In today's trading stock index closed down 26 points (-0.75%) to 3,486.20 following a re-level prices that have a negative sentiment for most global stock markets. Foreign recorded on this day do net sell Rp17 billion to the sector's most lots out is the energy and mining sectors. Technically JCI visible still in the phase of consolidation with the stochastic and MACD indicator still showed a tendency to strengthen. In trading tomorrow JCI is expected to move dikisaran 3.432 to 3.547 with stocks that can be considered al BBTN, LSIP, and JSMR.

Panin Securities:

JCI experienced profit taking following yesterday's negative sentiment from the weakening of regional exchanges. With the decline, the index again failed to penetrate the upper limit of the area of consolidation. We look for some future time the index will still be moving in the same pattern. Today we projected the index would move in the range of support-resistance 3457-3500. Stock option trading today: BMRI, KLBF, INDF, LSIP.

Krena Securities:

Unfavorable global sentiment associated rise in oil prices makes JCI still not managed to penetrate the resistant 3530. Thus, JCI is expected to still tend to consolidate in the range of 3433-3510 with BBTN and TLKM as stock options.

Indosurya:

In trading Thursday (3 / 3), it is estimated will be in the index and resistance 3446-3466 support 3509-3531. Candle failed to confirm the continued strengthening after the formation of white marubozu which generally indicates the effect of purchasing power. Yesterday, the hanging man candle shape resembles that generally indicate reduced purchasing power to raise prices and force the marketability of trying to suppress the price. MACD is moving up but terbats with positive histogram retracts. RSI, William's% R and Stochastic still try approaching overbought area, but also restrained. Finally, what we fear will happen profit-taking, occurred in the JCI. Market uncertainty but with a positive U.S. stock market will at least keep falling further.

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