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, 18 Mei 2013

Morning Dew - 20 May 2013

Key Points
  • Another week another new heights for JCI. The index soared to hit 5162 on Friday before settling at 5145. Hence, the index achieved its resistance at 5158, setting a path towards the next resistance at 5238-5242. On the support side, the index is expected to be well supported by 5030 at the moment, with nearest support at 5115 and a more critical support at 4907. Negative catalysts remain the fuel price hike planned by the government and the related credit rating outlook by S&P and Moody's. For now, the outlook remains positive for the coming week.
  • Better-than-expected consumer confidence and leading indicators released on Friday had put another strength on the Dow's rally. For a whole week, the Dow already gained 1.56% while the S&P 500 gained 2% while the NASDAQ composite added 1.8%. European indexes also gained around 1.4% last week as global stocks buoyed by prolonged accomodative monetary policies by central banks.
  • BSDE has been added to the reco list. Entry area between 1800-1850, with stop set below 1650. Targets include 1920, 2000, and 2300. For longer-term it targets 2700.
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