ILLUSTRATION. The Jakarta Composite Index (JCI) strengthened 0.13 percent to 6,356.16 on Friday (19/3).
Reporter: Sugeng Adji Soenarso | Editor: Khomarul Hidayat
KONTAN.CO.ID – JAKARTA. The Jakarta Composite Index (JCI) strengthened 0.13 percent to 6,356.16 on Friday (19/3). Monday (22/3), JCI is projected to continue to consolidate.
MNC Sekuritas analyst Herditya Wicaksana estimated that the JCI movement still tends to consolidate because the index has not yet penetrated the support and resistance levels.
“If it strengthens, it will be relatively limited to test 6,400 resistance, to support 6,320,” he told Kontan.co.id, Sunday (21/3).
Also Read: JCI fell slightly in a week, foreigners collecting the most of these stocks
According to him, currently investors still tend to be cautious because of the increase yield There is a concern that there will be a reversal in US monetary policy or the taper tantrum.
Likewise, Panin Sekuritas analyst William Hartanto estimates that the sentiment that will affect the JCI will still come from abroad, namely the Dow Jones correction in trading last Friday. “From within the country there is no specific sentiment that could raise or lower the JCI,” he added.
For Monday (22/3), William projects that JCI will move sideways with support at 6,241 levels and resistance at 6,400.
Technically, William also recommends investors to watch stocks consumer goods such as, HMSP GGRM, UNVR, and INDF. Then, the coal sector stocks such as ADRO, PTBA, ITMG, and DOID.
Meanwhile, MNC Sekurtias recommended INDY, PTBA, and ADRO shares.
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Reporter: Congratulations Adji Soenarso
Editor: Khomarul Hidayat
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