KONTAN.CO.ID – JAKARTA. The Jakarta Composite Index (JCI) climbed again 0.10% to 5,004.32 on Wednesday (7/10). Artha Sekuritas Indonesia analyst Dennies Christopher explained, JCI strengthened despite the many negative sentiments that loomed over.
“Such as the decision by the President of the United States (US) Donald Trump to stop negotiations on the stimulus and data on Indonesia’s foreign exchange reserves, which recorded a decline to the level of US $ 135.2 billion,” Dennies said in a written statement received by Kontan.co.id, Wednesday (7/10). ).
On Thursday (8/10), Dennies estimated that the JCI movement would be marked by a lot of pressure, especially from within the country related to political conditions due to the passage of the Omnibus Law on Job Creation and the high daily corona (Covid-19) cases.
Technically, the stochastic indicator is widening after forming a gold cross, supported by high volume, indicating there is still potential for strengthening.
He projects that JCI will move higher with support at 4,941 levels and resistance at 5,045 levels. The stocks that can be monitored for trading on Thursday (7/10), according to Artha Sekuritas, include: TOWR, BBNI and LANGUAGE.
Meanwhile, Phintraco Sekuritas analyst Valdy Kurniawan guessed that JCI would tend to fluctuate within the support-resistance range of 4,950-5,080 on Thursday trading (8/10).
According to Valdy, the market actors’ response to the ratification of the Omnibus Law Cipta Kerja into Law through the Plenary Session of the House of Representatives on Monday (5/10) is expected to still be one of the factors influencing the movement of IHSG.
Externally, the FOMC Minutes released on Thursday morning WIB (8/10) could also influence JCI movement on Thursday trading (8/10).
Valdy advised market players to pay close attention to stocks ASII, HMSP, GGRM, EXCL and TLKM which has the opportunity to continue the rebound on Thursday (8/10).
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