JCI Uptrend Still Continuing Pattern

JAKARTA - Movement Composite Stock Price Index ( CSPI ) is expected to move in the range of the level of support 4838 and resistance 4903 . The pace of JCI began to bounce back, after the post-election plunged the general legislature .

" JCI began retracing back to continue the uptrend pattern , " ? Research Department PT Asjaya Indosurya Securities , William Suryawijaya in Jakarta , Tuesday ( 04/15/2014 ) .

He added that the success through the resistance level 4,838 is a pretty good starting point as the initial confirmation of the JCI rise further .
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According to William , the target next resistance is at 4,903 as the next confirmation point , at the same time the increase will accelerate the timeframe JCI if successfully penetrated the resistance level . " Support is currently at 4,838 as support levels , generally JCI began turning the zone into an uptrend , " he said .

Throughout trading , stock index touched a high of 4870.10 in the middle of the second session and touched its lowest level at the beginning of the first session of 4812.63 and ended at 4864.84 levels .

Trading volume and the total value of transactions rose . Foreign investors recorded net sell with the increase in the value of the transaction to buy and sell transactions . Domestic investors recorded a net buy .

source:http://news.okezone.com/