Equity World, Jakarta – rate Composite Stock Price Index (CSPI) has the potential to weaken the stock trading ahead of this weekend. Sentiment issuer’s financial statements in 2016 will overshadow JCI.

PT Asjaya Indosurya Securities analyst William Suryawijaya said, technically, motion pattern index is still showing that consolidation has not changed. The level of support is still strong enough to survive and the resistance level required needs to be penetrated.

 

Equity World  | Financial Statements 2016

“When the resistance level JCI stay above the resistance after the break through, it still shows the rising power of JCI have not seen back to grow,” he said in his review, Friday (02/03/2017).

He said, the potential increase in JCI seen only in a limited range. JCI is likely to weaken ever so slightly. “JCI will move in the range of 5251-5376,” he said.

NH Korindo Securities Analyst PT Bima Setiaji said, JCI potential to continue strengthening seen technically. Moreover, foreign and domestic investors also accumulated stock since yesterday’s trade.

JCI will be supported from a number of sentiment. Bima said, market participants reacted positively to the central bank after the United States (US) or the Federal Reserve kept interest rates. Previous market players still focus mainly a matter of policy the Fed’s interest rate policy and the US president Donald Trump.

“Market participants examine the Fed’s decision about interest rates. Got there is news that the Fed will soon raise interest rates. Then the immigration policy of Donald Trump. Sentiments had been eased,” he said when contacted Liputan6.com.

While internally, Bima said that the release of the issuer’s financial performance data into the main sentiment overshadow JCI rate. JCI will be in the range of 5280-5340 level on Friday this week. “The financial statements become the dominant sentiment,” he said.

Meanwhile, an analyst at PT Reliance Securities Lanjar Nafi said, JCI prone to selling pressure if it is unable to hold above 5,350. JCI will move in the range of 5294-5375.

 

Equity World  | Financial Statements 2016

“JCI movement technically managed to break out and touch the resistance. With a consolidated motion indicators make it likely JCI declined,” he said.

For stock recommendations, the Milky choose bank stocks and plantation sectors to observe market participants. Stocks include PT Astra Agro Lestari Tbk (AALI) and PT Eagle High Plantation Tbk (BWPT). While bank shares at its option, PT Bank Mandiri Tbk (BMRI) and PT Bank Negara Indonesia Tbk (BBNI).
William chose AALI, PT HM Sampoerna Tbk (HMSP), PT Bank Central Asia Tbk (BBCA) and PT Adhi Karya Tbk (ADHI).

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