JCI Friday Has A Strong Return, These Six Stocks Are Worth Paying Attention To
JAKARTA - The Composite Stock Price Index (JCI) is projected to strengthen back in today's trading, Friday, September 27. Phintraco Sekuritas in its research estimates the JCI will move in the resistance range of 7,780, pivot 7,730, and support 7,650.
Phintraco Sekuritas explained that the JCI closed flat at 7,744.5 (0.04 percent) on Thursday's trading. In line with this movement, the JCI maintains its position above the MA20.
"With these conditions and positive directions from regional and global indexes, the JCI has the potential to maintain bullish trends," wrote Phintraco Sekuritas.
Phintraco Sekuritas said the market responded positively to the speech of Fed Chief Jerome Powell at the opening of 10th Annual US Treasury Market Conference which fully supports the Fed's decision to cut aggressive interest rates last week.
On the other hand, continued Phintraco Sekuritas, JCI consolidation was also influenced by significant rallies recorded by regional exchanges, especially in East Asia. Significant strengthening in SSEC and HSI yesterday indicated an increase in market appetites in the two markets. Conditions that may limit the JCI movement that has recorded rally in the past month.
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"The JCI today is estimated to maintain its position above 7,730 to a limited strengthening to the range of 7,780," added Phintraco Sekuritas.
The stocks recommended by Phintraco Sekuritas today are SRTG, ASII, PWON, EXCL, ADRO, and BBTN.