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).

Selasa, 14 Mei 2013

Morning Dew - 15 May 2013

Key Points
  • JCI rebounded after recent fall and rose 0.54% to end the day at 5081.94. Next resistance comes at 5115, followed by 5242 upon successful breakout. Support lies at Tuesday's low at 5037.41, followed by 5012, 4987 and 4957. 
  • AKRA's reco is filled at 5350. The stop is set below 4850, while the objectives are 5550, 5650, and 5950.
  • Optimism continued to push the U.S. stocks deeper into the uncharted territories as the Dow finished the day at 15215.20 and the S&P 500 index at 1650.34. Prolonged period of accomodative monetary policy has been supporting stocks so far and this is expected to continue for some time.
  • While the domestic catalysts of potential fuel price hike and the risk of rating downgrade remain in play, both have been kept at bay for now. Nonetheless, should Dow rally starts to see some exhaustion, profit taking can start to kick in again. Wednesday is still expected to be positive for now for JCI.
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