Magnus Capital: Beware Of Profit Taking
In yesterday's Trading was shut down TRADE on the weakened to as low as 3809.14 12.85 points and asingmelakukan net buying worth Rp 11 billion. A decrease of low volume indices triggered a number of stock exchange transactions and asia that are still off.
Some European stock exchange which had been re-opened yesterday, conveniently to rally on the first day of trading with a gain of more than 1% by Stoxx Europe 600 and DAX 30 with confirmation by 3%. The stock exchange in the United States still in vacation exchange. Most Asian stock exchange which has been re-opened on the morning of today, was opened and is expected to be strong sentiment for giving a positive perdagan BEI today.
Technical aspects, the index is expected to move sideways 378 range-3833. Need to look out for any potential profit taking given the indicator stochastic Oscillator has entered the Overbought area. short term and long term MA MA each Bullish and outperform.
