The Insider Stories Morning Notes – JCI expected to go up on technical rebound

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JAKARTA (TheInsiderStories) – Indonesian shares are expected to trade mixed with potentiality to go up later in the day on technical rebound following recent days week. The stock market has fallen in the last few days following global market turmoil over disappointment of the results of Brexit  vote in UK.

On Monday, the Jakarta Composite Index (JCI) closed up 1.483 points or up 0.03 percent at 4,836.052.

William Surya Wijaya, an analyst with PT Asjaya Indosurya Securities, said technically the JCI is projected to trade within range of support level of 4,802 and resistance level of 4,904 points.

“For long term investors, the recent days decline offers good opportunities to accumulate stocks. Today, JCI could go up,” he said.

He said the market’s decline was a short-term reaction of the Brexit vote and should recover again once the market digest all the implications of the vote results.

Today’s menu :

– JSMR

– LSIP

– KLBF

– INDF

– ASII

– TLKM

– BBNI

– KAEF

– WIKA

(*)

The post The Insider Stories Morning Notes – JCI expected to go up on technical rebound appeared first on The Insider Stories.

Source: The Insiderstories
The Insider Stories Morning Notes – JCI expected to go up on technical rebound

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