Jakarta, CNBC Indonesia – The strengthening of the Composite Stock Price Index (JCI) in trading earlier this week, Monday (18/10/2021) is expected to continue. However, it should be noted that the increase has been quite large, so it is necessary to anticipate a potential correction.
At the end of last week’s trading, Friday (10/15/2021) the index closed up 0.11% to 6,633.34 points.
Several brokers have provided stock recommendations that are worthy of consideration before starting today’s trading.
1. Samuel Sekuritas Indonesia – Index Rally Continues
JCI managed to breakout the resistance level of 6,500. The potential will continue to rally as long as the uptrend line remains solid.
Preferred stock:
2. Artha Sekuritas – Still Strengthening, But Limited
JCI is predicted to strengthen. Technically, the bullish trend is still quite strong, the candlestick formed a higher high and a higher low testing the all-time high resistance. The range of strengthening is starting to be limited and there is a potential for correction. The movement at the beginning of the week will be influenced by several economic data to be released in China such as GDP and retail sales.
Preferred stock:
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