Still Low Sentiment, JCI Tuesday Projected To Strengthen

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to strengthen in today's trading, Tuesday, December 28. after yesterday rose 0.19 percent at the level of 6,575.44.

An analyst from Artha Sekuritas, Dennies Christopher Jordan, explained that the JCI closed higher yesterday, ignoring concerns about the Omicron variant in the US and Europe.

"There was minimal movement in sentiment at the beginning of the week before the New Year's holiday," said Dennies in his research.

Dennis predicts the JCI will strengthen. Technically, the candlestick formed a higher high and a higher low with the stochastic indicator forming a golden cross in the oversold area indicating the potential for strengthening in the short term.

"The movement of the JCI is expected to be quite limited due to the lack of domestic sentiment towards the end of 2021," he said.

Furthermore, Dennies estimates that the JCI will move at support levels of 6,549 and 6,562 and resistance at 6,588 and 6,601. The stocks that Dennies recommends for trading tomorrow are PT Astra International Tbk (ASII), PT Summarecon Agung Tbk (SMRA), and PT Sarana Menara Nusantara Tbk (TOWR).