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).

Kamis, 27 Juni 2013

Morning Dew - 28 June 2013

Key Points
  • JCI continued its rally on Thursday and went up to as high as 4732.99 before it settled at 4675.75. There is no change in view. The index is still vulnerable and the current rally is considered as a healthy corrective move with projected target area around 4812-4880. Support is seen around 4500-4510. For now the downside seems to be secured.
  • Below-the-consensus data released on Wednesday continues to shape the market's expectation that the Fed is not going to make a move sooner. Elsewhere, Fed Bank of NY President William Dudley said that the Fed may still prolong its stimulus policy if the economic variables fail to meet the expectation. Another Fed talk came from Jerome Powell also shared a similar idea. A day earlier, Richmond Fed Jeff Lacker said that U.S. expansion remain to be sluggish for a couple more years.
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