"Profit Taking" Threatened, Layer Two Rely Shares
JAKARTA, KOMPAS.com - After three days in a row continued strength, Composite Stock Price Index Indonesia Stock Exchange expected to begin today threatened action took profit (profit taking).
"Today we expect the index will move mixed where profit taking is expected to continue. Some seed stocks seen starting into overbought zone," research analyst call Purwoko Sarwoko Panin Securities.
However, he added, his party still see the stock trading opportunities in second-liner stocks. "It can be noted also the possibility of anticipatory buying ahead of exit related performance report 2009," tambahanya.
He estimated the range of support-resistance in 2647-2694. He recommended the stock options include UNSP, ADRO, ELTY, and PGAS.
Yesterday, though profit taking started toward winning stocks, JCI successfully closed on a positive zone, the index even managed to touch the highest level this year in the position of 2670.219.
According Purwoko, the pressure on mining stocks are driven by the weakening of commodity prices led the index began to experience pressure on the trading session yesterday afternoon.
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