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Fundamental Report

Global equity markets traded relatively flat on Thursday. Asian and US were flat, while the EU was up by 0.4% (344.3). European shares closed higher after a business activity index showed the Euro zone rebounding in July: its flash composite PMI came in at 54.0 (up from 52.8 in June), and recorded a three-month high, surpassing expectations of 52.8. Sentiment was also driven by the financial sector, as it recovered from a severe fright triggered by Portugal's Banco Espirito Santo. On Thursday, media reports suggested the bank's former CEO, Ricardo Salgado, had been arrested in connection with an investigation into tax evasion and money laundering. Meanwhile, appetites in US markets were apparently restrained by a lower growth outlook, mainly as the IMF trimmed its global growth estimate for 2014 to 3.4% (from a prior 3.7%), while adjusting US growth forecast to 1.7% in 2014E (from an April estimate of 2.8%). Moving to our domestic markets, JCI nicked up by 0.1% (5,099) following sleepy regional sentiment and in anticipation of long Eid al-Fitr holiday. Having these unappealing sentiments, today we expect the JCI to trade within 5,060-5,130.

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    Technical Report

    Jakarta Composite Index (JCI) : Sideways

    Estimasi indeks (25-Jul-14): 5.060-5.130

  • Inflasi Juli diperkirakan berada di level 4,5% YoY
  • Penguatan rupiah menjadi sentimen positive pasar
  • Ulasan teknikal:
  • Resisten IHSG di level 5.250
  • Tren naik sejak Des13 telah patah; potensi sideways di 4.830-5.100
  • Area 5.100-5.250 menjadi area profit taking
  • Basis support di 4.840 untuk MT trading

  • Our Best Trading Ideas For Today
    LSIP Add Potensi trading range di 1.950-2.450
    ADRO Add Potensi sideways market 1.050-1.350
    ADHI Red MT trd range di 2.675-3.350; profit taking di resisten



    Trd range di 7.150-8.000; profit taking di resisten


    Red MT trading range 14.000-17.000; profit taking di resisten


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