JAKARTA – Composite Stock Price Index (IHSG) is predicted to continue strengthening in today’s trading. JCI will be in the range of 6,070-6,156.
Reliance Sekuritas analyst Lanjar Nafi said that the JCI’s technical strength was restrained from testing the 20-day moving average at 6,110 to confirm further strength.
Psychologically, the JCI holding above the 6,100 level has the potential to create a positive impetus for the medium-term uptrend that was formed after the successful whipsaw at the 200 MA support level.
“The stochastic and RSI indicators give bullish momentum signals and the MACD indicator is moving positively consolidated. So we expect the JCI to continue its strengthening with support and resistance at 6,070-6,156,” said Lanjar in his research, Thursday (26/8/2021).
Observable stocks include; AALI, ADHI, AGII, ANTM, ADRO, HMSP, INCO, MIKA, UNTR, WIKA, WSKT.
Previously, the JCI closed up 23.74 points or 0.39 percent to 6,113 levels with a stronger movement since the beginning of the trading session. The health sector index (+1.40%) and the industrial sector index (+1.13%) led the sectoral gains. The shares of DCII, BMRI, ARTO, UNVR and BINA which became the leaders of the movement were able to push the JCI to close in the green zone.
