Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) today, Thursday (5/8/2021) has the opportunity to experience a strengthening, even the next resistance target (upper limit) will reach 6,400.
In yesterday’s trading, Wednesday (4/8/2021), the index closed with an appreciation of 0.46% to the level of 6,159.03 amid the sloping daily increase in Covid-19 cases in Indonesia.
Several brokers have provided stock recommendations that are worthy of consideration before starting trading today.
Samuel Sekuritas Indonesia – JCI Towards 6,400
JCI managed to breakout from resistance at 6.150. Pattern inverted head and shoulders formed, with the following resistance target at the level of 6,400.
Preferred stock:
PNBN
BBRI
BBNI
Reliance Sekuritas Indonesia – Investors Later Economic Data
Investors are optimistic about the consensus of Indonesia’s GDP growth data which will be released this Thursday. Technically JCI is moving break out resistance 6150 and move on upper bollinger bands after confirmed strong enough above the level moving average 5 days.
Stochastic and RSI indicators provide a reversing momentum approaching the area overbought (saturated buying). JCI’s next move has the potential to continue strengthening to test upper bollinger bands and resistance fibonacci retracement.
Preferred stock:
ANTME
BBRI
CYTA
INDF
Pilarmas Investindo Sekuritas – Variative Future Index
JCI has the opportunity to move in a variety of ways with limited potential for weakness and will be traded at 6,111 – 6,197 levels. If market participants and investors ignore the words of the Vice Chairman of the US Federal Reserve, Richard Clarida, the market still has room to strengthen.
He said the US central bank was on the right track to reduce the stimulus support provided to the economy, where the announcement was related to reducing stimulus in the form of bond purchases that had been carried out by the Fed and began to shift to raising interest rates in 2017. next 2023,
Preferred stock:
BBNI
ASII
MAP
INDF
Artha Sekuritas – There is Short-Term Strengthening
JCI is predicted to strengthen. Technically candlestick shape higher high and higher low with indicators stochastic which forms golden cross indicates the potential for short-term strengthening. The strengthening will be driven by the financial reports of several issuers in the first semester of 2021 which recorded quite good performance. Investors will also be watching the release of 2Q21 GDP data.
Preferred stock:
PWON
JPFA
BBTN
DGNS
(bag bag)
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