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OSO Securities: There is a Tendency Strengthened, JCI Move at Level-5.415 – 5350

Jakarta (Benchmark News) – PT OSO Securities predicts the composite stock price index (IHSG) in trading Wednesday (12/10/2016) moves depressed with a tendency strengthened limited. OSO Securities Research lays out, in technical, forming a bullish signal indicates the hammer candle. Stochastic oscillator indicators are still bearish, while RSI have already begun to strengthen.

“We expect the JCI will move in a range of 5350-5.415. Some of the stocks which can be payed including PWON, SCMA, ASII, and INCO MINE, “he said in risetKemarin, IHSG closed higher at 0.39% to as low as 5,381.99. The majority of the sectoral index was in the green zone, the mining sector and consumer lead the reinforcement with each rose by 1.79% and 1.10%. Reinforcement that occurs in the mining sector in line with the rise in commodity prices of oil. In addition, the growth of retail sales index Indonesia in August of 14.4% 6.7% from the previous month also catalyzing positive at the end of the trading session yesterday. The retail sales growth primarily occurred in the sale of food and non food such as spare parts and accessories. It indicated that purchasing power improved in the middle of relatively low inflation. However, the concerns of market participants against the increase in Fed Funds Rate at the end of this year still seems to be high enough so that the movement of stock is fairly limited…(Red)

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