JCI Thursday Predicted Again Continue All Time High

JAKARTA - The movement of the Composite Stock Price Index (JCI) is expected to strengthen in today's trading, Thursday, February 24, after yesterday's rise of 0.85 percent or 58.06 points, touching an all-time high of 6,920,056 at the close of Wednesday.

Artha Sekuritas Indonesia analyst Dennies Christopher Jordan said yesterday's strengthening of the JCI ignores concerns about tensions between Russia and Ukraine. JCI was also able to reach an all-time high level even though there was little sentiment.

Strengthening is projected to continue in today's trading. JCI will move with support levels from 6,888 to 6,857 and resistance levels at 6,935 to 6,951.

"Technically, the candlestick formed a higher high and a higher low with the stochastic widening after forming a golden cross. JCI has the potential to penetrate the all-time high," said Dennies in his research.

Dennies observes, from the global perspective, tensions between Russia and Ukraine will still loom. Meanwhile, from within the country, the re-emergence of COVID-19 cases can also be burdensome.

In the midst of a movement that is predicted to continue to strengthen, Dennies invites investors to pay close attention to the shares of PT Bank Central Asia Tbk (BBCA), PT Adaro Energy Tbk (ADRO), and PT Astra International Tbk (ASII).