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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).

Senin, 17 Juni 2013

Morning Dew - 18 June 2013

Key Points
  • Federal Reserve's FOMC meeting has been capping the JCI's advance early this week as the market ponders how the Fed will update the market's expectations when their 2-day policy meeting concludes on the 19th. As economic data flow have been mostly positive the market has been drifting towards a positive bias. Still, full pricing in of the Fed's backscaling of stimulus may still have some more time till it concludes.
  • Fuel price hike is coming soon after last night the House of Representatives voted to agree the revised state budget. This is not something surprising considering the government's efforts to socialize the fuel price hike for some time now, nor the amount of hike is surprising as we all know what the price will be when the price is hiked. Nevertheless, along with the unwinding of Fed's stimulus, fuel price hike is a negative in the medium to long-run as more pricey fuel means less money to spend for the people.
  • Resistances are at 4830, 4880 , 4968 and 5076 for now. Yesterday's bounce has been capped by the 100-day EMA at around 4830, but strong volume suggests that we may see more of the upside in the near-term. On the downside, the nearest support lies at 4697.88, followed by 4568 and 4510. We are now at a large consolidation phase which is potentially ranging between 4500-5000.
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Diposting oleh di 17.22
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