JCI Has the Chance to Strengthen Today, Eight Stocks You Can Watch

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (IHSG) strengthened in first trading in October 2023. On Monday, the JCI rose 0.31 percent or 21.57 points to 6,961.46 at the end of trading on the Indonesia Stock Exchange (BEI).

Phintraco Sekuritas in its research said that Stochastic RSI and MACD tend to form a golden cross. These conditions open up the opportunity for JCI to move in the support range of 6,900 and resistance 7,000 in today's trading, Tuesday 3 October.

The positive sentiment for the JCI from external sources came from the achievement of a temporary government funding agreement in the United States (US) which prevented a government shutdown in the US.

"In addition, the return of the Chinese manufacturing index (NBS) to above 50 in September 2023 builds expectations of economic recovery in China," explained Phintraco Sekuritas research.

Meanwhile, domestically, inflation fell to 2.28 percent YoY in September 2023 from 3.27 percent YoY in August 2023. S&P Global Manufacturing PMI Indonesia remained consistently above 50 (52.3) in September 2023.

The top stock picks for this Tuesday are BBCA, BBRI, TLKM, ADMR, PGEO, GOTO, MAPI), and ACES.