Phillip Securities TRADE On The Predicted Corrections:, Back Sideways
Joint-stock price index at the close yesterday did not manage to maintain a position at 3,800. IHSG naik 32.540 points or 0.87″% and ended trading at level 3, 792.149. Whereas stocks blue chips at the LQ 45 is also experiencing an increase of 1.01% or rise as much as 6.724 points and ending at 670.181 level. The arrival of the good news from Europe that would tighten budgets in the fight against the crisis becomes the cause of the success of yesterday's TRADE on the rebound. On the other side of the United Kingdom was the only country that rejected the Treaty in order to maintain the new London as a financial center of Europe. Meanwhile Finance Minister after the meeting that Germany was confident, debt crisis zone Europe will gradually recover. Italy's new Prime Minister, Mario Monti said that Germany and other countries could eventually persuaded that the issuance of bonds in Europe is a good way to resolve the debt crisis. This became the catalyst for investors in investing. Yesterday's TRADE on the move between level 3, 761.078-3, 803.705. At the close of trading yesterday eight sectors closed positive while the rest are negative. As many as 139 stocks rising, 74 and 93 stocks stocks fall stagnant. Record the number of regular trade amounted to INR 2.98 trillion, while foreign investors made net sales of INR 186.367 billion. Asian regional Exchange moves mixed with a majority still strengthened. Shares of stock in TRADE are coming into the ranks of top gainers include ASII, CNTX and MYOR, while holding the increase in TRADE more among others IKBI, TPIA and BFIN.
U.S. stocks dropped sharply Monday (12/12) over the return of the doubts about the deal in Europe and the outlook for Intel Corp. (INTC) that triggered the decline after two weeks of rising. The Dow Jones Industrial Average closed down 1.3% 162.87 points or be 12, 021.39, reduce the decline in the last hour of trading after falling 243 points. Bank of America Corp. (BAC), who led the decline in Dow component, was down 28.4.7%. Intel Corp. (INTC) dropped 4% after the semiconductor manufacturers cut projected revenues for the fourth quarter, said a lack of supply of hard-drive makes the company reduced other supply orders. Index S & P 500 down 18.72 points or 0.9% to 1, with the company, 236.47 energy and financial companies suffered losses of 10 industry groups which are all closed weakened. The NASDAQ Composite index was down points, or 0.8% 34.59 into 2, 612.26.
To trade today we estimate TRADE would suffer a correction after rising yesterday, along with the return of the doubts about the EU's agreement last week. We expect TRADE will move in a range of support and resistance and 3,740 3,820.
Technical Pick:
ASII (74,950) – Buy Spec.
KIJA (185)-BUY
BBNI (3,975)-BUY
JSMR (4,250)-BUY
