Jakarta, CNBC Indonesia – Once again, JCI remained trapped in the red zone after the decline in large-cap bank stocks was not strong enough to curb investor distribution action.
As of 14:05, the Composite Stock Price Index (IHSG) was down significantly -1.14% with a transaction value of IDR 9.14 trillion.
This decline involved 123 shares rising, 183 shares stagnating, and the majority falling by 407 shares.
It is only natural that the JCI fell so badly, with the movements of stocks having a large weight on the movement of the JCI, such as BBCA, BMRI, BBNI and BBRI being corrected rather badly, each corrected by BBCA -2.96%, BMRI – 4, 88%, BBNI -3.06% and BBRI -3.05%.
BBCA stock, which is one of the stocks that has a significant 7.65% weight in JCI, how about the next move? Will the decline still continue or will it be able to reverse? Here is the technical review:
BBCA Technical Review
– Using indicators Moving average or the moving average of the period 200 dayswhich is still below the BBCA share price, indicates that BBCA is still in an up or rising trend.
– From the image above it shows that the decline that has occurred is natural, because the trend is still forming support new that it then became higher lower BBCA. And allowing the BBCA to bounce back to the 7700 – 8000 level.
– Next, location indicators Relative strength index is in the oversold area, indicating that there is room to buy BBCA stock, thus driving the stock back to the upside.
– Bottom line, investors are currently encouraged to do so wait and see firstly, because there is a possibility that there will still be investor selling that will push the BBCA forward to the level dynamic supportt is between 7700 and 8000.
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Bank shares tumble, JCI weakened
(Malik Haknuh/mother)
