Analyst: One week, CSPI overshadowed uncertainty?

MAKE MONEY BLOG$~JAKARTA. During the last week, the Composite Stock Price Index(CSPI) is still stalled in positive territory and thin tend to movesideways, indicating investors are likely to hold take action.

Managing Research Indosurya Asset Management, RezaPriyambada see JCI movement range a week ago (16 April-20 April), tend to move with a thin range between 4150-4170. Then, ifcalculated for a week, looking still dominate foreign selloff marked by the recorded net foreign sell Rp 777 billion. "Global sentimentwas affected, mainly from Europe," said Reza, Sunday (22/4).

Reza added that the bad situation in Europe is characterized bynon-performing loans (NPL) or the higher the credit crunch andSpain are moving yield continues to rise.

Although Spanish and French bond auction was oversubscribed,but the look is absorbed fairly high yield, even showing the amountof risk on these bonds. "Therefore, it is not surprising that the threat of downgrade France broke out again," said Reza.

Technically speaking, the width of the JCI movement that is stillwide, there is still bullish potential. "CSPI has not touched the resistance, and were among the bands Bollinger bands Bollingermiddle and top," said Reza.

For the period of next week (23 April-27 April), Reza estimates JCIwill move to support at 4110-4140 and resistance at 4185-4200."Other indicators, such as the Stochastic and RSI show JCI willmove flat, unless there is a fairly crucial sentiment and stock sectorsare likely to rebound, the consumer sector, manufacturing, miningand basic industries," he continued.

While MNC Securities head of research, Edwin Sebayangprojecting the weekly candle chart, JCI Four Price Doji form apattern that reflects the condition of doubt and uncertainty totalmarket, with a range of movement in 4111-4209.
source:http://investasi.kontan.co.id
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