JAKARTA: The Indonesian shares will experience further drop on global concern regarding Spain debt and Fed's statement that global economy is still too weak. Yet, the index may still have chance to write a rebound story after a series of corrections hit blue chip shares in the last few weeks, like on BBRI and ITMG. Read the following insights for today's trading. E-Trading Securities sees a possibility for the Jakarta Composite Index (JCI) to move between 3,612 - 3,690. The recommended shares are BBRI, ITMG, SMGR and SOBI. Erdikha Sekuritas also recommends buying ITMG, ELTY and UNVR as there is possibility for the blue chip shares to reverse their losses and back to support the index. Although technically the index is still weak, it will move around 3,615-3,705. Panin Sekuritas predicts selling pressure to subside. On limited positive sentiment, the securities companies sees opportunity for second and third liners to be leading movers. The support-resistance levels are 3,612-3,672. (NOM)
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