Here are the recommended stocks to buy before the price goes up in Q4 2021

Reporter: Kenia Intan | Editor: Adi Wikanto

KONTAN.CO.ID – JAKARTA. I can’t believe it, the stock transaction period has entered the 4th quarter of 2021. In the 4th quarter of 2021, the economy is expected to improve, so the price of a number of shares will increase. Here’s a stock recommendation that can be bought before the price gets more expensive.

Composite Stock Price Index (IHSG) until October 1, 2021 closed at the level of 6,228.84. In year to date, the JCI increased by 123.95 points or rose 2.03%.

Sucor Sekuritas analyst Hendriko Gani predicts that the JCI will continue to strengthen in the fourth quarter of 2021. This good JCI prediction is in line with the recovery in economic conditions.

This is reflected in this improvement driven by improved inflation, the PMI for Manufacturing which returned to an expansive level, and a decrease in the level of Implementation of Restrictions on Community Activities (PPKM) so that community mobility increased.

Hendriko has historically observed that the JCI in the fourth quarter usually strengthens in October and December. Meanwhile, in November, the JCI tended to mixed. Even if it weakens, Hendriko sees the correction will be natural because the strengthening in October is predicted to be quite high.

For December, the JCI movement is predicted to strengthen again, one of which is driven by window dressing. “So there is potential recovery and also from the JCI is quite good, we breakout from the 6,200 level yesterday,” explained Hendriko to Kontan.co.id, Friday (1/10).

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Just so you know, until the end of the year Sucor Sekuritas targets the JCI to be closed at the level of 6,750. Technically, Hendriko sees the JCI movement has the potential to reach the level of 6,450 to 6,600 with support monthly in the range of 6,000.

Despite the positive sentiment, Hendriko still warned investors to pay attention to sentiments that might weigh on the JCI’s future movements. One of them, the case of Evergrande. Although Evergrande has been intervened by the Chinese government, this problem has not been completely resolved.

Hendriko suggested to continue to observe the development. On the other hand, sentiment tapering off from the United States is also still looming.

Meanwhile, the Director of Anugerah Mega Investama, Hans Kwee, sees that investors will tend to be cautious in the fourth quarter of 2021. In his view, negative sentiments from the global market will still overshadow the JCI movement until the end of the year.

He also predicted that the JCI could reach the level of 6,400 by the end of 2021. Meanwhile, supportwas at level 6,000.

According to him, potential tapering off United States in November will affect stock price movements. “Maybe there will be a shock in November. So we can expect a high rise after November,” he explained to Kontan.co.id, Sunday (3/10).