Jakarta –
Yesterday JCI closed lower. JCI closed at 7,104.21 (-0.61%). JCI closed lower experiencing a correction and moved lower in line with the weakening of global stock markets. Worries came from the US after saying it would be more aggressive in determining economic policies, thus depressing the stock market.
US stocks closed weaker. Dow Jones closed 34,496.51 (-0.42%), NASDAQ closed 13,888.82 (-2.22%), S&P 500 closed 4,481.15 (-0.97%). Wall Street’s main indexes fell in late trading Wednesday, triggered by sharp declines in technology and growth stocks after minutes of the Fed’s meeting sharpened investors’ focus on the US central bank’s plans to fight inflation. The minutes of the Fed’s March 15-16 meeting show policymakers are focused on plans to cut the central bank’s balance sheet massively as soon as next month. A more hawkish Fed outlook led to a difficult start to the year for equities, and particularly technology and growth stocks whose valuations are more vulnerable to higher bond yields.
JCI predicted to weaken
Resistance 2 : 7,170
Resistance 1 : 7,137
Support 1 : 7,080
Support 2 : 7,056
JCI is predicted to weaken. Technically, the candlestick forms a lower high and a lower low with a fairly high volume, it is estimated that ISHG will weaken. The movement is expected to be influenced by profit taking after the last week of strengthening. On the other hand, there are still concerns from global sentiment.
News Compilation
JPFA 1,635 (-2.67%) WILL DISTRIBUTE IDR 60 DIVIDEND PER SHARE
SILO 8,600 (-0.86%) WILL BE STOCK SPLIT 1:8 TOMORROW
PWON 478 (-2.84%) POCKET NET PROFIT IDR 1.38 Tn IN 2021
WMUU 167 (+2.45%) SALES GROWING TRIPLE DIGIT IN 2021
MCOL 4,580 (+0.21%) BOARD OF DIRECTORS REMOVED PARTICULAR SHARES AT PRICE OF Rp 3,640
(the the)
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