JCI Prediction Wednesday (12/1) Rebound, These are Stock Options that Need to be Sell/Buy

Reporter: Herlina KD, Hikma Dirgantara | Editor: Adi Wikanto

KONTAN.CO.ID – JAKARTA. Prediction of the Composite Stock Price Index (CSPI) in today’s trading, Wednesday, January 12, 2022, has the potential to rebound or rise from weakness. Check out our selection of analyst recommendations of stocks to buy or sell in today’s trading.

JCI is predicted to move up after experiencing a weakening on Tuesday, January 11, 2022. JCI closed down 0.64% to a level of 6,647.97 at the close of trading Tuesday (11/1).

Sentiment that is predicted to drive the JCI today includes movements from the US stock exchange. Kontan.co.id notes, Wall Street solidly strengthened at the end of trading Tuesday (11/1).

The Nasdaq index led gains as investors seemed relieved that there were no major surprises in Fed Governor Jerome Powell’s testimony to Congress.

The Dow Jones Industrial Average rose 183.15 points, or 0.51%, to 36,252.02, the S&P 500 gained 42.78 points, or 0.92%, to 4,713.07 and the Nasdaq Composite gained 210.62 points, or 1.41% to 15,153.45.

Also Read: JCI Prediction Wednesday (12/1) Red Again, Observe Analyst’s Choice of Stocks for Trading

Eight of the 11 major S&P 500 sectors rose, with high-growth sectors such as technology, consumer services and communications services contributing the most to the S&P’s gains. The biggest percentage gainer was in the energy sector, which ended up 3.4%, as crude futures rose.

The following are technical recommendations for three stocks selected by analysts for trading Wednesday (12/1).

1. Stock recommendation of PT Mark Dynamics Indonesia Tbk (MARK)

MARK stock price movements are technically weak consolidation moves forming a pattern bearish engulfing accompanied by relatively low transaction volume. indicator stochastic also appears to have entered the middle area out of the area zone overbought which indicates the potential for further profit-taking to occur.

• MARK stock recommendations: Sell
• Support: Rp 1,230
• Resistance: IDR 1,300

Ivan Kasulthan, Edikha Elite Securities

Check out BHMS and KRAS stock recommendations on the next page