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The JCI Movement rate of 5,400 5,500-Range

Jakarta (Benchmark News) – PT Reliance Securities estimates the combined share price index (IHSG) in trading Friday (11/12/2016) will continue strengthened.

Reliance Securities analyst Lanjar Nafi said in the JCI movement tend to be technical the fluctuating on short term and will continue to test the resistance of the upper bollinger bands. Stochastic indicator still tend to be positive although the space movement narrowed approaching overbought.

“So it is estimated will be back trying to tend to the JCI strengthened on a range of movements 5.400-5,500,” he said in the research.

Yesterday, the JCI strengthened with beginning the gap closed up so 35.98 points of 0.66% in level 5,450.31 with a relatively high volume. At a time when domestic investors started correcting the decline, foreign investors optimistic and thus records the net sell amounting to Rp276,65 billion.

While the majority of Asian stock exchange, turned the rally with a gap opened up by raw material producers led the rise as strengthening commodity after the surprise early victory mired Donald Trump.

Investors speculated the existence of short-term volatility following the victory of Trump. Commodities are passionate about where the spending strategy Trump will trigger demand for copper and other commodities at a time when global supplies are tightening.

No more optimistic Asian exchanges, European Exchanges opened the majority strengthened slowly. Today’s data showed that the UK housing market rise in October and a few large issuers in Europe released its quarterly profit above expectations to become the driving factor of market optimism.

“Sentiment towards the weekend there will be data on new loans and money supply in China, the rate of inflation in Germany while in the country there will be data transactions running quarter III…(Red)

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