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JCI Possibly Strengthens, Check Out Stock Recommendations This Morning : Okezone Economy

JAKARTA – Composite Stock Price Index (IHSG) has a chance to strengthen on trading today. The movement of the JCI will be in the range of 5.951-6.018.

Reliance Sekuritas analyst, Lanjar Nafi said, technically JCI is moving bearish, breaking out the psychological support at 6000 but stuck at the MA50 support level and the lower Bollinger at 5981 so that the movement has the opportunity to try to survive and return to the psychological level.

Also Read: Profit Taking, Here are Recommended Stocks with Potential Cuan” href=”https://economy.okezone.com/read/2021/07/14/278/2440665/ihsg-kena-profit-taking-berikut-rekomendasi-saham-cepatan- the-potential-money”>JCI hit Profit Taking, Here are Recommended Stocks with Potential Cuan

“Stochastic and RSI indicators bear the momentum to weigh the movement. So technically JCI is trying to hold on to the next trade with support and resistance at 5,951-6,018,” said Lanjar in his research, Thursday (15/7/2021).

Stocks that can be observed technically include; AGII, AKRA, ASSA, BFIN, BSDE, JPFA, JSMR, KLBF, MAPI, MEDC, MNCN, WSBP, WTON.

Also Read: Gacor” href=”https://economy.okezone.com/read/2021/07/14/278/2440608/ihsg-anjlok-saham-sektor-ini-justru-gacor”>JCI Falls, Stocks in this Sector Precisely Gacor

Previously, the JCI closed down 32.82 points or 0.55 percent to 5,979 after moving in the negative zone since the beginning of the trading session. JCI moved to break out of the psychological level of 6,000 with large-cap stocks becoming the weakening leaders such as BBRI, ASII, BBCA, HMSP, BMRI and ICBP.

The technology sector index (+1.33%) and the health sector (+0.89%) rose, failing to contain the JCI weakening, which was pressured by the Industrial (-2.47%) and Property (-1.52%) sectors. Investors consider the increase in US inflation to capital outflows that will occur following the decline in investor confidence due to the widespread Covid-19 case.

Meanwhile, the majority of Asian stock indexes closed lower. The Nikkei (-0.38%), TOPIX (-0.23%), HangSeng (-0.63%) and CSI300 (-1.15%) indexes fell quite pessimistic amid the development of Covid-19 in Asia that continues to soar and investors await action on quarterly GDP growth data second in China.

European markets opened lower with the index Eurostoxx (-0.06%), FTSE (-0.41%), DAX (-0.14%) and CAC40 (-0.19%) down following the weakening Asian markets. Weaknesses were led by utilities and travel and leisure companies. The pound rose and gold fell after UK consumer prices rose more than analysts’ expectations in June. US June inflation figures on Tuesday topped all forecasts and pointed to higher costs associated with reopening from the pandemic.

Fed officials said they expect such pressure to be temporary but some commentators see the risk of a more lasting hike that could force a faster-than-expected reduction in stimulus.

Next investors will await the Bank of Korea monetary decision, China’s second quarter GDP, leading economic indicators, Federal Reserve Chair Jerome Powell appears before the Senate Banking Committee to present his semi-annual Monetary Policy Report to Congress.

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