Today CSPI can continue strengthening, along with shares worth buying

Reporter: Nurse Nurse | Editor: Avanty Nurdiana

KONTAN.CO.ID – JAKARTA. Composite Stock Price Index (CSPI) managed to redeem the 5,000 level in trading Wednesday (8/7). The Jakarta Composite Index closed significantly higher by 1.79% at 5,076.17 on Wednesday, July 8, 2020.

Nafan Aji Analyst Binaartha Sekuritas said that the JCI movement today, Thursday, July 9, 2020, has the potential to continue strengthening. This is evident from the MACD indicator that has successfully formed a pattern golden cross in the positive area. Meanwhile, stochastic and RSI shows a positive signal.

On the other hand, a pattern is visible long white opening marubozu candle which indicates the potential for further strengthening of the JCI movement so that there is an opportunity to go to the area resistance.

Read Also: These are the stocks that were mostly released by foreigners when the Jakarta Composite Index rose on Wednesday (8/7)

Nafan said, the potential for JCI movement today, July 9, 2020 will move in the ratio fibonacci, support the first and second have a range at the level of 4975.54 to 4865.27. Meanwhile, the first and second resistance has a range at 5,097.14 to 5,172.37.

Some stock recommendations that can be considered by investors include the following.

1. Tata TiaraBEEF). BEEF price movements remain above the bottom line of the bollinger and a tweezer bottom candlestick pattern is seen that indicates the potential for buying stimulus on stock price movements. Nafan suggested the accumulation of purchases in the area of ​​Rp 216 – Rp 222, with the target price gradually at the level of Rp 232, Rp 242, Rp 256, Rp 288, Rp 318 and Rp 326. Where BEEF’s stock support was at Rp 216 and Rp 206.

2. Gajah Tunggal (GJTL). GJTL share price movements have tested the MA 10 line so that the chance for a minimum strengthening towards the first resistance level is still wide open. The accumulation of buying GJTL shares in the level area of ​​Rp 372 – Rp 380, with the target price gradually at the level of Rp 392, Rp 404, Rp 434 and Rp 466. Support at Rp 372 and Rp 366.

3. Media Nusantara Citra (MNCN). MNCN stock price movements have tested the MA 10 line so that the chance for a minimum strengthening towards the first resistance level is still wide open. Accumulated purchases at the level of Rp 900 – Rp 910, with a target price in stages at Rp 925, Rp 955, Rp 1,020 and Rp 1,085. Support is at Rp. 890 and Rp. 855.

Read Also: JCI shot up 1.78%, these stocks were mostly hunted by foreigners, Wednesday (8/7)

4. Ramayana Lestari Sentosa (RALS). There is a bullish harami doji star candlestick pattern that indicates a potential buying stimulus on stock price movements. We recommend accumulation of purchases in the level area of ​​Rp. 565 – Rp. 575, with the target price gradually in Rp. 585, Rp. 605, Rp. 685, Rp. 765 and Rp. 845. Support is in Rp. 565 and Rp. 525.