Jakarta, CNBC Indonesia – The Jakarta Composite Index (JCI) on Tuesday (2/11/2021) is expected to continue its weakening. A number of brokers said investors were still anticipating interest rate policies from the United States Central Bank or The Federal Reserve (The Fed).
Meanwhile, on Monday (1/11/2021), the index closed down 0.58% to 6,552.89 points.
Several brokers have provided stock recommendations that are worthy of consideration before starting today’s trading.
1. Samuel Sekuritas Indonesia – The Index Is Still Difficult To Strengthen
JCI is stuck in the range of 6,500-6,680 after the uptrend line was broken. There is no strong momentum yet.
Preferred stock:
2. Artha Sekuritas – Investors Await US Interest Rate Policy
JCI is predicted to weaken. Technically, the stochastic indicator widened again after forming a deadcross indicating potential to continue weakening.
Investors will tend to be conservative ahead of the Fed’s interest rate decision and the release of Indonesia’s third quarter GDP data ahead of the weekend. The movement will also be supported by the release of the issuer’s performance.
Preferred stock:
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