Go Finance report - Composite Stock Price Index (CSPI) on the trade earlier this week predicted to be potentially corrected. Profit taking is expected to be triggered today's trading. In addition, this Monday interspersed with days off.
"From stochastic itself is still visible uptrend, on this day JCI will move in 3630-3730 range," said team Etrading Securities analyst, in a newsletter, in Jakarta on Monday (6/12/2010).
Known, JCI on Friday last week only one point close higher (0.04 percent) in the range of 3696 and failed to close above the 3700 level. The alien itself on this day still make a net buy of Rp381 billion in the regular market.
"And if we look at the RSI has successfully closed on Friday above the line 50, but on Friday JCI formation spinning tops and failed to penetrate the 3700 level which is the level of support so there is likely to occur correction," he explained.
For your information, on Friday last week JCI nearly plunged into the red zone at the close of stock trading. But, fortunately, JCI could still reach a point despite failing to park in 3700.
Negative sentiment was shadowing the global and regional markets helped push profit taking, especially in seed stocks.
JCI, Friday, December 3 pm closed rose 1.68 points, or 0.05 percent to 3696.26. LQ45 index was also slightly decreased 1.72 points to 670.86, while the Jakarta Islamic Index (JII) actually sinkhole 6.07 points to 525.48. (GoFinance)
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