Tuesday, April 15, 2014

JCI Still Prone to profit-taking

JAKARTA - In today's trading , the Jakarta Composite Index ( JCI ) is expected to be in the range of 4854-4860 support and resistance 4875-4884 . JCI three inside up pattern ends with a shooting star formation above the middle Bollinger band ( MBB ) .

" The pace of JCI had to stay above the target range of 4800-4850 support , so do not open up the downside deeper , " said the Head of Research at Trust Securities , Reza Priyambada in his research , Jakarta , Wednesday ( 04/16/2014 ) .

Reza added that if there are less supportive sentiment and market participants prefer to take profit then turned lower JCI chance . " So over the debt gap at 4829-4906 levels it becomes difficult to shut down , " he added .
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In earlier trading , buying that occurs within a few days began to noticeably reduced . As usual , some market participants also take advantage of the increase that occurred prior to profit-taking .

As a result , JCI lost power to continue strengthening and debt over the gap in the level of 4829-4906 was not to close completely .

However, JCI eventually still be closed in the green zone . Whereas at the beginning of the session , his speed is good enough to survive in the green zone however , affected by the weakness in a number of Asian markets . ( MRT )


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