DISCLAIMER

This research report is prepared by PT MINNA PADI INVESTAMA Tbk for information purposes only and are not to be used or considered as an offer or the solicitation of an offer to sell or to buy or subscribe for securities or other financial instruments. The report has been prepared without regard to individual financial circumstance, need or objective of person to receive it. The securities discussed in this report may not be suitable for all investors. The appropriateness of any particular investment or strategy whether opined on or referred to in this report or otherwise will depend on an investor’s individual circumstance and objective and should be independently evaluated and confirmed by such investor, and, if appropriate, with his professional advisers independently before adoption or implementation (either as is or varied).

Sabtu, 20 April 2013

Morning Dew - 20 April 2013

Key Points

  • JCI hit a new all-time high at 5023.71, then pushed back to end in a spinning top pattern. Caution for the bulls as target at 5020 has been met, creating a potential for a corrective decline in the coming week. Supports come in at 4985, 4960, 4940 ,4920 and 4895. Resistances are seen at 5023.71, then 5089 and 5120.
  • China's growth slowdown still a concern. 1Q real GDP slowed from 7.9% to 7.7% (YoY) and also slowed from 2% to 1.6% (QoQ).
  • Next week U.S. Data are existing home sales and new home sales; durable goods orders and jobless claims, plus GDP and University of Michigan consumer sentiment index; U.S. 1Q Corporate earnings to remain in focus in the U.S. Session, influencing the ups and downs of U.S. Indices.

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