Jakarta, CNBC Indonesia – Investors are looking forward to the meeting of the Central Bank of the United States of the Fed and the Central Bank of Japan which will be held this week. These two meetings will influence future market movements.
The FOMC meeting at this month’s meeting will of course not change interest rates, but their views and plans in particular regarding the situation and condition of the US Treasury as well as inflation expectations will certainly be a concern.
Technically, the Composite Stock Price Index (IHSG) is expected to strengthen in today’s trading.
A number of securities have provided share recommendations that are worth considering before today’s trading Tuesday (16/3/2021) opens.
1. Reliance Sekuritas Indonesia – JCI Can Strengthen
Technically, the JCI moved in a consolidated manner as if the upper bollinger bands pulled back and the resistance fractal was around 6,394. The stochastic golden-cross indicator is in the oversold area and the RSI indicator provides positive momentum so that the strengthening trend is still strong enough to accompany the next JCI movement. So it is estimated that the JCI has the potential to strengthen.
Preferred stock:
2. Artha Sekuritas – There is a reversal pattern
JCI is predicted to weaken. Technically, the candlestick formation forms a dark cloud cover and the stochastic indicator is moving narrower indicating a potential reversal and continuing the weakening. Investors will be watching for movements in US bond yields as well as the implementation of the stimulus ahead of the setting of interest rates in the next few days.
Preferred stock:
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