JAKARTA – Composite Stock Price Index (IHSG) next week has the potential to be corrected. Research Analyst MNC Sekuritas Aqil Triadi recommends only short-term trading.
“In the future, we really see that there is still potential for a correction from the JCI, for that, fellow investors, it is better for us to suggest trading in the short term, not for us to hold on, how until the end of the year, we have to wait until the JCI bottoms out,” he said, Saturday (21/8/2021).
Also Read: JCI Predicted Correction Next Week, What Should Investors Do?
According to Aqil, there are several sectors that have strengthened, one of which is the financial sector driven by the infrastructure sector with 1.63%. For shares of Bank Rakyat Indonesia Tbk (BBRI), Aqil assessed that there was indeed a strengthening in trading on Friday (20/8) with 1.29% at the level of 3930.
“We see that Friday’s strengthening will not be long nor too strong, especially since BBRI will not be able to penetrate above the psychological level of 4000 or 4020 as the resistance level,” he said.
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“We see that there is indeed a potential for limited strengthening next week for BBRI, but please be wary that for Friday only foreigners have started selling, yes, at BBRI of around 100 billion, we also observe that the technical pattern of BBRI is still moving in its sideways range in the medium term such as that,” he added.
According to Aqil BBRI, there is a potential for 4000 but it is still prone to correction, if at the 4070 level it can be held, buy on weakness and can be averaged in the 3860-3900 range, wait until it reaches the 4020 resistance level.
Then Aqil observed that in other banking stocks, there is a potential that is almost similar to the technical pattern and sees its strength must be tested first.
