Jakarta, CNBC Indonesia – The domestic stock market ended in the red zone in trading earlier this week, Monday (17/1/2022).
The Composite Stock Price Index (JCI) closed down 0.72% to 6,645.04 with a transaction value of Rp 9.81 trillion. Foreign market participants made a net purchase of Rp 83.32 billion.
The most traded stocks include PT Bank Central Asia Tbk (BBCA), PT Bank Rakyat Indonesia Tbk (BBRI), PT Telkom Indonesia Tbk (TLKM), PT Bank Jago Tbk (ARTO), to PT Bank Neo Commerce Tbk. (BBYB).
Before starting trading this Tuesday (18/1/2022), consider the recommendations for selected stocks as summarized by CNBC Indonesia:
Kanaka Hita Solvera – JCI Has a Chance to Rebound
Today, JCI will test the support area at 6600-6625. As long as the JCI stays above 6593, there is still a chance for the JCI to rebound again. However, if JCI closes below 6593, most likely JCI will start wave iii of wave (iii) of wave [c], which means JCI will continue to fall with the final target of the wave [c] of wave B at 6400-6450.
Preferred stock:
SMGR
TLKM
BRAKE
BTPS
MNC Asset Management – Catalyst for Commodity Price Increase
The increase in a number of commodity prices, such as coal (8.36%), CPO (0.91%), nickel (0.43%) will be a positive catalyst for the JCI to rebound in trading this Tuesday.
Preferred stock:
ITMG
AGII
PWON
BBNI
OCBC Securities
There is a technical possibility of a bearish JCI on today’s trade with a movement range of 6.683-6.602.
Preferred Stock:
ASII
BEBS
BBCA
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