JCI Wednesday Covered With Various Sentiments, These Are Recommended Stocks

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) was shrouded in various sentiments in today's trading, Wednesday, June 14, after weakening 0.05 percent or 3.36 points to 6,719.01 yesterday.

Phintraco Sekuritas in its research projects that the JCI has the potential to consolidate in the 6,700-6,730 area on Wednesday. This is supported by Stochastic RSI which is already in the overbought area and positive widening of the MACD slope.

"JCI will move in the support area of 6,680 and resistance at 6,730 on Wednesday," explained Phintraco Sekuritas in his research.

From external, this week investors will be waiting for the release of US inflation which is expected to fall to 4.1 percent YoY from 4.9 percent YoY. Despite the decline, inflation is still far above YoY's 2 percent target.

Another data is the results of the FOMC The Fed meeting which is expected to maintain the benchmark interest rate at 5.25 percent in line with the increase in the unemployment rate in the US to a highest level of 261,000 in 20 months.

From domestic, the IKK consumer confidence index rose to level 128.3 in May 2023 from the previous 126.1 in April 2023 in line with the recovery of community activities.

This week, economic data will also be released, such as trade balance, exports, and imports which are expected to be appropriate or better than expectations.

Another sentiment comes from Indonesia's retail sales growth data which has slowed to the level of 1.5 percent YoY from the previous 4.9 percent YoY.

Meanwhile, Phintraco Sekuritas recommends stocks that can be considered today, including BBCA, BMRI, MYOR, INTP, INCO, BMTR, EMTK.