Monday, August 4, 2014

IDX Composite Index: Beware of the Short-Term Investment; Nine Stock Picks

Bisnis.com, JAKARTA – Asjaya Indosurya Securities estimates that the composite stock price index in trading today, Tuesday (8/5/2014), is in the range of 5,060-5,165.

Asjaya Indosurya Securities researcher William Surya Wijaya has suggested that, if the IDX Composite Index is not yet able to reach the resistance level of 5,465, the consolidation phase remains unchanged.

Support has been expressed for it staying at the 5,060 level today. For the medium-term timeframe, the IDX Composite Index is still on track for an uptrend.

William is optimistic that there is still wide-open potential to break the all-time high of 5,251; it is just a matter of time.

“But we still must be vigilant about investing in the short-term timeframe,” William said in his research.

Asjaya Indosurya Securities suggests nine stocks for consideration in today’s trading, those being the following: ASII, TBIG, AKRA, ADRO, LSIP, PGAS, PNBS, BBNI, BBCA.

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