Composite Stock Price Index (CSPI) is still volatile following the global stock market movements and predict Asia will not penetrate the level of 4,000 in early 2012.
"Level 4000 is not in the near future. Take the example of late 2010 and early 2011 and last. Fluctuating movement," said Reza Priambada Capital Markets analyst when contacted Legal.
He added to his own early next year investors will still be looking at the condition of Europe that can be said is still volatile.
However, is it possible to position the end of the year 4000 level CSPI can penetrate? He stated that possibility feels heavy.
According to him, if ever in opening trade JCI able to be in the 3860 resistance level, then the position of JCI until the end of the year have not been able to penetrate the 4000 level.
"Until the end of the year, if possible at the level of 3900 was good too. Moreover, we know the market participants have started to reduce the trade.
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