Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) in trading earlier this week is predicted to move lower, but within a limited range.
This weakening continued last weekend’s trading, Friday (30/8/2021) where the index depreciated 0.83% to a level of 6,070.03.
Several brokers have provided stock recommendations that are worthy of consideration before starting trading today.
1. Reliance Sekuritas Indonesia – Index Will Consolidate
Technically the JCI movement pulled back the upper bollinger bands and formed a short term double top with a resistance level of around 6160. The bearish momentum signaled by the RSI and Stochastic indicators is one of the pressures for investors to sell at the end of last month.
The condition of the MACD indicator is slightly in the overvalued area with negative divergence on the histogram. So that technically JCI has the potential to move to consolidate.
Preferred stock:
2. Samuel Sekuritas Indonesia – JCI prone to pressure
JCI continues in the trading range of 5,900-6,150, and is now testing resistance. If it does not breakout, the JCI is prone to pressure from this level.
Preferred stock:
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