JCI Tuesday Is Projected To Strengthen, This Is The Trigger

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to strengthen in today's trading, Tuesday, January 11, after closing down 0.15 percent yesterday at the level of 6,691.12.

Artha Sekuritas analyst Dennies Christopher Jordan explained that the JCI closed lower yesterday although it had strengthened throughout the trading day.

"The movement was influenced by several data from the United States at the end of last week and by commodity prices which were quite strong," said Dennies in his daily research.

Dennies predicts that the JCI will strengthen today, where technically the candlestick forms a higher high and a higher low indicating there is still potential for strengthening in the short term.

"The movement will be minimal in sentiment from domestic economic data. Investors will pay close attention to statements from the Fed regarding future economic policies," said Dennies.

Furthermore, Dennies estimates that the JCI will move at support levels of 6,665 and 6,678 and resistance at 6,713 and 6,737. The stocks that Dennies recommends for trading today are PT Japfa Comfeed Tbk (JPFA), PT Wijaya Karya Tbk (WIKA), and PT Summarecon Agung Tbk (SMRA).