VIVAnews - The rising price of crude oil which affects the movement of commodity price will give positive sentiment toward mining company PT Aneka Tambang (ANTM)'s performance.
In addition, technical elements will also boost share purchase of the mining company.
According to foreign security analyst Gifar Indra Sakti, the improved nickel commodity price along with the hike in crude oil price will likely pull up Antam's profit in 2009.
He predicted that given the nickel price that had jumped 55 percent compared to March 2009, the company's quarter-to-quarter net profit may climb by 25 percent.
"The share will try to hit Rp 2,425 as its strong resistance this year," he said.
Sakti recommended investors to make short-term profit taking.
However, long-term collection of Antam shares is also recommended.
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Translated by: Ariyantri E. Tarman
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