The JCI on Wednesday Prone to Profit Taking, See Stock Recommendations from Analysts

JAKARTA - The Composite Stock Price Index (IHSG) strengthened 0.27 percent or 18.31 points to 6,917.71, last Tuesday 25 July.

A total of 219 shares rose, 308 shares fell and 220 shares stagnated in price.

Phintraco Sekuritas in its research said that JCI was prone to profit taking on Wednesday, July 26, with resistance at 6,950, pivot at 6,880, and support at 6,830.

JCI gains are expected to start to stall at the resistance level of 6,950. Therefore, be aware of potential profit taking to the range of 6,880-6,900 this Wednesday.

"Technically, the JCI has again formed a long upper shadow on Monday and Tuesday trading which generally indicates increasing selling pressure," explained research by Phintraco Sekuritas.

The recommended stocks include MARK, ESSA, SAME, MAPI, JPFA, SILO, PTPP, and GOTO.