JCI Is Predicted To Strengthen On Friday, This Is Stock Recommendation From Analysts

JAKARTA - The movement of the Composite Stock Price Index (JCI) today, Friday, December 10, is predicted to strengthen after yesterday in positive territory by rising 0.61 percent or 40.13 points so that it parked at the level of 6.643.93.

Artha Sekuritas analyst Dennies Christopher Jordan said that the JCI closed higher yesterday following the strengthening of the US stock market.

Global markets were boosted by the easing of concerns over the case of the Omicron variant of COVID-19 after several vaccines were reported to be effective after being tested. As for tomorrow's trading, Dennis predicts the JCI will rise.

He explained that technically the candlestick formed a higher high and a higher low accompanied by the stochastic indicator which moved wide after forming a golden cross indicating potential strengthening.

"Investors will continue to observe the Fed's policies to maintain inflation and interest rates. In addition, investors will also pay attention to several economic data releases," said Dennies in his research.

For today's trading, Artha Sekuritas estimates the JCI will move with support at 6.615 and 6.588 and resistance at 6.656 and 6.670.

And the following are a number of stocks that can be observed, namely PT Ciputra Development Tbk (CTRA, PT Mitra Keluarga Karya Sehat Tbk (MIKA), and PT Semen Indonesia Tbk (SMGR).