Although there is potential for strengthening JCI Limited

Composite Stock Price Index closed lower again in the middle of a short trade from the long holiday weekend. IHSG oversold conditions can make stronger, but weaker trend was seen from the strength of the external negative sentiment.

Panin Securities analyst, Purwoko Sartono, expressed a negative sentiment from China's economic slowdown and political conditions of Europe, especially Greece feared the crisis would make the recovery more protracted Europe. "We're looking for today's movement of the index will be influenced by the movement of our stock index during last week's holiday in addition to news from Europe," katas Purwoko in Jakarta, Monday (21/05/2012).

From the technical side, the JCI is already quite deep decline. Oversold conditions on a few leading stocks also opened a potential rebound in the stock index. "However we have not seen any bullish reversal signal. We projected the index moves mixed with a tendency to weaken in the range of 3930-4000 support-resistance," said Purwoko.

Almost all sectors of the stock in trade last Wednesday but declined misc-ind sector (+0.12 percent). As many as 41 stocks recorded gains, 200 stocks declined, 38 stocks unchanged and 122 shares are not traded at all.