PT Asjaya Indosurya Securities analyst, said William Suryawijaya, JCI will be at the support level at 5,107 and 5,191 resitance on stock trading Monday this week. JCI potentially depressed in September 2014, therefore, he warned short-term investors and traders to be aware of the pressure that occurs in the Indonesian capital market.
"But it can be utilized to perform the accumulation of market participants to buy.
For the long term, stock index is still on track to strengthen positive, "William said in his review, Monday (01/09/2014).
Meanwhile, analyst of PT HD Capital Tbk, Yuganur Widjanarko said CSPI still has the potential to break through resistance at 5.250. He estimates, JCI will be at the level of support and resistance 5.145-5.067-5.020 5250-5350 on stock trading Monday this week.
While the research PT Sucorinvest Gani, JCI will move varied in the range of 5113-5155 on stock trading earlier this week. It was seen from the technical factors are also followed by a decrease in volume.
Stock Recommendations
For stock recommendations earlier this week, Yuganur choose a number of shares such as PT Tower Bersama Infrastructure Tbk (TBIG), PT United Tractors Tbk (UNTR), PT Jababeka Tbk (KIJA), and PT Bank Jabar Banten Tbk (BJBR).
Meanwhile, William chose PT Indosat Tbk (ISAT), PT Indika Energy Tbk (INDY), PT XL Axiata Tbk (EXCL) and PT Adaro Energy Tbk (ADRO) to observe market participants at the beginning of this week.
Technical recommendations
Yuganur recommend PT United Tractors Tbk shares for a consideration of market participants. According Yuganur, the correction in the stock of heavy equipment and coal mining during the week belongs to Astra Group has entered the oversold area daily pattern of improvement in the medium term.
"Recommendations bargain hunting with trading target of Rp 23,300," said Yuganur.
Yuganur recommend entering UNTR USD 22 175 for the first level, the second level of Rp 21,750 and Rp 21,375 cut loss point.
