Astra International (ASII:IJ)

PT. Astra international (ASII), the biggest manufacturer in Indonesia has been showing some good sign of upward movement. From technical point of view, ASII had been ranging between 19150 - 22050, since mid-April 2008. In the last few days, AASI had passed the important resistance level at 22050. From this technical point of view, there is a great chance that ASII would go up further in the coming weeks.

Astra Argo Lestari (AALI)

Astra Argo Lestari (AALI) is in the critical territory currently. Since the global commodities market slumps, the agricultural sector has been hurt. AALI is the biggest player of Agricultural sector in Indonesia. Like we could see in the picture, the price of AALI is near the support at 20,000. It was down beyond the support and at the lowest since November 2007. We expect to see some sign of recovery in the next few days

Bumi Resources (BUMI:IJ)

Bumi Resources (BUMI) price has been decreasing over the last week. The commodities spot price has been influencing the BUMI price movements. In the next few weeks, it is expected that BUMI stock price would be up. I drew some trend lines to support my argument technically.

Bank Mandiri (BMRI:IJ)

The Bank Mandiri stock (BMRI) has got full support at 2638 level. It has failed to go down further. In the next few days it is expected that the stock would be rangingwith tendency to increase. Bank indonesia (The Indonesian central Bank) has just announced that the BI rate has changed from 8.75% to 9.00%. With this announcement, the market would wait and see in the next few days, but since the global economic has been showing some sign of recovery, the BMRI and other Indonesian financial institution stocks would be expected not to go down further.

Telkom (TLKM:IJ)

Telkom (TLKM) has showed some sign of recovery. In the next few days, the movement of TLKM will be influenced technically. If it could pass the resistance level at 7993.75, then it woul be have greater chance to go much further. If it fails, it would test the next support at6756.25.