Go Finance Reporting - Although considered to have been overbought, Composite Stock Price Index (IHSG) is projected to come back strong in late trading in the year 2010.
"On this Thursday which is the last day of trading in 2010 it is predicted that IHSG would still be doing strengthening,"explains Head of Research eTrading Securities Betrand Raynaldi to Legal in Jakarta.
He also explained if the actual stock index is still in strong trends. Plus the song with the effect of window dressings are beginning to show.
"If we see the window dressings that have been run from Tuesday, would still be continuing, the stochastic is still showing an uptrend despite entering overbought territory," he added.
Today, he estimates that IHSG will move within the range of 3660-3750 with the stock that need attention PT Jasa Marga Tbk (JSMR), PT Krakatau Steel Tbk (violent), and PT Bank Mandiri Tbk (GoFinance)
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