Magnus Capital: Results Of The European SUMMIT Has Not Been Sufficiently Overcome Crisis
In yesterday's trading successfully TRADE on the rebound, the positive outcome of the decision probably reflected the sentiments of the European Union Summit that was held last week that is, fiscal Integration Decisions made by 26 countries of the European Union. In addition Europe will also provide bailouts to 200 billion euros for its members which trouble the liquidity. The index continues to move in positive territory until its closure strengthened 0.87″% to as low as 3792.15 and transaction value reached Rp 2.8 trillion yesterday and foreigners doing net sell $ 180 billion.
The Dow Jones index overnight in close rectified 162.87 points at level 12021.39 this is due to negative reaction from investors after international rating agencies Moddy's warned that the measures taken to European leaders had not yet been sufficient to put an end to the crisis in the country. Moddy's & Fitch also said results of last week's SUMMIT meeting is not significant enough and will assess back debt rating of some European countries. Regional area index opened this morning and is expected to give the weakening sentiment was negative for the movement of TRADE on these days.
Technical aspects, the indicator stochastic oscillator still move on normally and the index managed to close above 5 days-Fath and MA MA 20 days 3751. Support is at the level of the index and support 3750 2 at 3734. Resistant to be at level 2 are 3813 and resistant at 3830.
