JCI Tend corrected

into day-to-8, CSPI still strong rally despite already seen some profit taking from the stock. In trading on 13 October, JCI closed up 39 pts and closed at 3.675 level (+1.1%). Net foreign-registered to buy quite high, amounting to Rp 934 billion. ASII, BDMN, and PTBA become market movers for the day. While the stocks that are defensive-stock such as TLKM, GGRM and UNVR corrected.  

Trading Idea The sectors are a major driver remains of the mining sector (especially its coal), banking, and ASII. For the coal sector, speculative buy for strengthening BYAN see his new ride one day. While the valuation, EARTH (P / E 11x) and PTBA (P / E 14x), still the most expensive. From the banking sector, as valuations are still attractive BBKP for their collection. Note also the Property sector. 

Technical view, JCI these days tend to be corrected with estimates predicted the nearest support and resistance at the level of 3,611.90 3,678.25. Correction is expected to continue in when JCI was unable to maintain approximately the level of 3,645.08 on the first session. This can be seen from the indicators that have been fully in line resistance and reversal-prone top daily in addition to the relatively high risk is currently around 72.82%. Stock pick for today:  1. Bank Rakyat Indonesia (BRI), Trading Sell 2. Bank Mandiri (BMRI), Trading Sell 3. Indo Tambangraya (ITMG), Trading Sell