JCI Prone To Correction, MTEL Shares To UNVR Become Recommendations

JAKARTA - The Composite Stock Price Index (IHSG) is predicted to still be prone to correction. JCI is predicted to be prone to correction to 6,601-6,632.

Quoting MNC Sekuritas research, Tuesday, July 4, JCI is predicted to have support in the range of 6,622-6,578. Meanwhile, resistance is at 6,744-6,772.

If the JCI is still able to stay above 6,622 as its support, then the JCI position is currently in the red label.

"However, if the JCI reaches 6,622 again, the JCI is still vulnerable to correction", the research quoted.

Today's Stock Recommendations

ARTO - Buy on Weakness

ARTO strengthened 1.9 percent to IDR 3,240 accompanied by an increase in purchasing volume. So ARTO still has the opportunity to move stronger and be able to break 3,330 as its resistance.

Buy on Weakness: IDR 3,110-IDR 3,200

Target Price: IDR 3,380, IDR 3,700

Stoploss: below IDR 2,980

MDKA - Buy on Weakness

MDKA strengthened 2.9 percent to IDR 3,150 accompanied by an increase in purchasing volume. So MDKA has the opportunity to strengthen, especially if it is able to break IDR 3,220 as its resistance.

Buy on Weakness: IDR 3,100-IDR 3,150

Target Price: IDR 3,380, IDR 3,600

Stoploss: below IDR 3,050

MTEL - Buy on Weakness

MTEL strengthened 0.8 percent to 670 accompanied by the emergence of a relatively large purchasing volume. So the MTEL movement has the opportunity to continue its strengthening.

Buy on Weakness: IDR 655-IDR 670

Target Price: IDR 700, IDR 725

Stoploss: below IDR 625

UNVR - Buy on Weakness

UNVR strengthened 1.2 percent to IDR 4,310 and was still dominated by the emergence of purchasing volume. So UNVR is still prone to being corrected again and can be used for BoW.

Buy on Weakness: IDR 4,070-IDR 4,160

Target Price: IDR 4,360, IDR 4,610

Stoploss: below IDR 4,040.