Jakarta, CNBC Indonesia – Market players in today’s trade, Thursday (18/3/2021) are awaiting the outcome of the meeting of the central banks of a number of countries in the world. This includes the increase in bond yields and rapid inflation that has the potential to change the direction of monetary policy.
Similarly in the country, investors are also waiting for the decision of Bank Indonesia (BI).
A number of securities have provided share recommendations that are worth considering before today’s trading, Thursday (18/3/2021) opens.
1. Artha Sekuritas – Index Can Be Weakened
JCI is predicted to weaken. Technically, the candlestick has formed a three black crows formation and the stochastic which widened after forming a dead cross indicates that it will continue to weaken. The movement will be influenced by The Fed’s interest rate decision and the 7 day repo rate by Bank Indonesia.
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2. Reliance Sekuritas Indonesia – IHSG Pressure is Still Big
JCI moved confirmed to break out of the 5-day average support level and the 20-day average so that bearish pressure is still quite high, approaching the 50-day average support and the bullish trend line again.
The stochastic indicator is consolidating negatively with MACD flat in the middle area. So that technically the JCI is still potentially under pressure.
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