JAKARTA – Composite Stock Price Index (IHSG) is expected to strengthen trading today. After the Eid al-Adha holiday, the stock index will move at the level of 6,000-6,082.
According to Reliance Sekuritas Analyst Lanjar Nafi, the JCI movement was technically corrected but was able to survive the 20-day and 50-day Moving Average support levels, thus opening up opportunities for a natural reversal to strengthen to erase some of the losses in the next trade.
“The Stochastic and RSI indicators are still in bullish momentum and have a fairly wide span towards further strengthening to overbought conditions. So, technically, JCI has the potential to rebound with support and resistance at 6,000-6,082,” Lanjar said in his research, Wednesday (21/7/2021). ).
The stocks that can be observed technically include; AALI, ACES, ADRO, JPFA, LPPF, LSIP, PGAS. TKIM.
Previously, the JCI closed down 55.12 points or 0.91 percent to 6,017 with movements that tended to be depressed in the red zone since the beginning of the trading session. Shares of BBCA (-1.7%), TPIA (-5.0%), ARTO (-3.8%), BBRI (-1.6%) and BMRI (-2.1%) fell sharply to laggard JCI movements.
Also Read: Trading Bell, JCI Sluggish 32 Points to 6,040
The major sectoral indexes weakened, led by the Basic Materials, Industry, Health and Finance sector indexes. Investors took safe steps ahead of the Eid al-Adha holiday on Tuesday amidst the fairly high level of global market fluctuations following US inflation data and the widespread new variant of the Covid-19 case.
Leader:
BRIS, TLKM, AGRO, DMMX, INKP
Laggard:
BBCA, TPIA, ARTO, BBRI, BMRI
