JCI Will Test Level 6,900 Today? Check out the Stock Recommendations

JAKARTA, KOMPAS.com – Price Index Share combined (IHSG) is projected to strengthen on Thursday (17/2/2022). JCI Wednesday (16/2/2022) closed positively at 6,850.19 or rose 42.7 points (0.63 percent).

Panin Sekuritas analyst William Hartanto said that today the JCI has the potential to test the 6,900 level as psychological resistance. However, the movement of the JCI today is still overshadowed by the action profit taking.

“The JCI has the potential to test the 6,900 level as psychological resistance, and has the potential to profit taking so that the movement will be little mixed,” William said in his recommendation.

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William predicts that the JCI has the potential to move today mixed tends to strengthen in range 6,800 to 6,900.

The same thing was conveyed by Research Analyst Artha Sekuritas Indonesia Dennies Christopher. Dennis said, technically candlestick index form higher high and higher low with the MACD indicator moving in an accumulation trend indicating a potential strengthening.

“JCI has the opportunity to strengthen. Investors will still watch the tension between Russia and Ukraine which is starting to subside and domestic investors will still watch the Covid-19 case,” said Dennies.

Dennies predicts that today JCI will move resistance at the level of 6,864 to 6,878, and support at the level of 6,806 to 6,828.

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The technical recommendations from the three securities companies are as follows:

1. Artha Securities

• CTRA entry level 945 – 965, TP 990 – 1.010, stop loss 930
• MNCN entry level 910 – 930, TP 980 – 1.000, stop loss 900
• ASII entry level 5.475 – 5.550, TP 5.650 – 5.725, stop loss 5.400.

2. Investing Pillars

• ARTO last price 15.075, support 13.750, resistance 16.500
• JSMR last price 3.420, support 3.220, resistance 3.620
• AALI support 10.675, resistance 11.250, TP 11.250, Exit 9.500.

3. Panin Securities

• ASRI recommends buy 159 – 162, TP 171 – 179, stop loss if it weakens to 150.
• ERAA is recommended trading in the area of ​​525 – 570, TP after 570 is at 610.
• IMAS recommendation to buy 800 – 825, TP 915 – 1.050, stop loss <770.

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Disclaimer: This article is not meant to buy or sell shares. All stock recommendations and analysis come from analysts from the securities concerned, and Kompas.com is not responsible for any resulting gains or losses. Investment decisions are in the hands of investors. Study carefully before buying/selling shares.

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