Magnus Capital: TRADE Continue Strengthening
In yesterday's Trading TRADE closed up 30.9 points to level with the transaction totaling Rp 3938 5.7 trillion and foreign conduct net buying Rp 546.76 billion. Yesterday, all sectors to move in positive territory and led by the mining sector.Strengthening index yesterday was also in response to positive us economic data, sentiment and China.
The Dow jones overnight closed strengthened 69.78 points to as low as 12462. Improved performance of one of the companies AsAlcoa provide a new optimism on the u.s. economy.Financial statement quarter IV a number of companies ASmengakibatkan portion of the world stock exchange shot up. The meeting between the leaders of Germany to the Chairman of the IMF yesterday in Berlin also managed to lift the main index-index of Europe.
Regional index opened up this morning, continued reinforcement for 3 consecutive days, market participants are optimistic of improved US economy although Fitch had warned would lower Italy's rating level.
Technical aspects, TRADE on the move strengthened form bullish candlestick marubozu with volume above average 20 days indicating the magnitude of the selling pressure. Whereas a Stochastic oscillator could potentially form a golden cross in overbought area. The index is still a chance to continue the predicted the strengthening however limited and moving in the range 3890-3960. be aware of BBNI shares, the BMRI, UNTR, INDF, the ITMG.
