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IDX movement is still volatile

5:43 PM Posted by adyts

Jakarta- Indonesia Stock Exchange (idx) closed lower yesterday despite finally got mighty in early trade. JCI continued to follow regional bourses are also turned toward the negative territory.
In trading Tuesday (2/2/2010), JCI closed down 7.298 points (0.28%) to the level of 2580.251. LQ 45 index also fell 1.076 points (0.21%) to as low as 503.862.
Fluctuating motion predicted JCI will continue to trade on Wednesday (3/2/2010) it. Although the selling pressure is still shadowed, but the potential for strengthening the JCI is still there thanks to urge the strengthening of the major bourses of the world.
While Wall Street close higher home sales data due to exceeding the expectations of financial statements plus a number of companies that was encouraging. This confirmed the belief that the economic recovery continue.

In trading Tuesday (2/2/2010), the Dow Jones index close higher 111.32 points (1.09%) to as low as 10,296.85. Index Standard & Poor's 500 gained 14.13 points (1.30%) to the level of 1103.32 and the Nasdaq gained 18.86 points (0.87%) to the level of 2190.06.
Tokyo Stock Exchange also gained in motion, with the Nikkei-225 index gained 57.03 points to open (0.55%) to as low as 10,418.12.
 The following recommendations for the stock today:

eTrading Securities:
  In trading Tuesday (02/02/2010) Composite Stock Price Index (JCI) is not able to maintain his ascension. This is in line with the weakening of trade exchanges in Asia. JCI in early trading rose 26 points, moving slowly declined and finally closed in the position of minus 7.3 points. Foreign investors are still showing the action on JCI purchased with a total transaction value net buy Rp117 billion. Shares that the support JCI include ASII, INTP, and BDMN. For the next trade, JCI is expected to move in the range from 2549 to 2641.
  Panin Securities:
  JCI failed to sustain that increase occurred in session 1, so that eventually closed lower again yesterday in trading. The lack of positive sentiment from regional exchanges and the domestic index tends to increase hold. Today we expect the index will still fluctuate. Although the selling pressure is still shadowing the movement of the index, but there is an opportunity to accumulate stocks again leading the already oversold. JCI we expect to move in the range of support-resistance 2559-2620.
  Optima Securities:
  JCI failed to survive in positive territory so weakened thin 7 points to 2580 levels due to the stock pressure BBCA, EARTH, and PGAS. Investors are still wait & see for two days at the indicated transaction value of the thin around Rp 2.3 trillion. Market participants seem to still wait for confirmation from Dow Jones to break the 10,260 level. Furthermore, JCI is still vulnerable trip correction range 2550-2610.