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).

Rabu, 19 Juni 2013

Morning Dew - 20 June 2013

Key Points
  • Early gains evaporated on Wednesday as JCI waited for the result of the FOMC meeting. JCI now looks vulnerable to more pressure after Chairman Ben Bernanke reiterated the Fed's stance that stimulus will be removed as soon as the economy outlook improves. This may be around mid-2014, according to Bernanke. Fed expects the jobless rate in the US will decline to 6.5%-6.8% by the end of next year, possibly triggering the Fed to start raising the lending rate.
  • Shaky JCI will look for supports at 4793, 4739, 4695, 4651 and 4597 before the key 4510. Upside seen capped at around 4880, 4968 and 5076. It is likely that we are currently within a large consolidation range between 4500 and 5000.
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