JCI Friday Tests The Highest Level, This Is The Stock Choice

JAKARTA - The Composite Stock Price Index (JCI) is predicted to test its highest level or resistance today, Friday 15 December. JCI today is expected to move at 7,200 resistance, 7,150 pivot, support 7,100.

"Technically, there is a stable volume and potential golden cross on Stochastic RSI," wrote Phintraco Sekuritas in his research.

Phintraco Sekuritas added that positive sentiment stems from the decisions of the Fed, ECB and BoE to hold the benchmark interest rate. The market is also euphoric in the direction of cutting the benchmark interest rate three times in 2024 by the Fed. The Rupiah exchange rate rose more than 1 percent to Rp15,495 per dollar on Thursday.

"The Rupiah exchange rate is expected to continue to strengthen in the future," added Phintraco Sekuritas.

Domestically, Phintraco Sekuritas said the market anticipates the release of important economic data this Friday. One of them is the Indonesian trade balance (NPI) which is estimated to be in surplus again in November 2023.

Phintraco Sekuritas recommends seven shares for today, including BSDE, EXCL, HMSP, INCO, PTBA, SMRA, and SRTG.