Weekend JCI Strengthened 0.39 Percent To The Level 4,549.36

JAKARTA - The Jakarta Composite Index (JCI) opened higher this weekend, Friday 3 April. JCI edged up 0.39 percent or 17.67 points to the level of 4,549.36.

Opening the trade, there are 54 stocks strengthened, 10 stocks weakened, and 15 stocks were stagnant. The trading volume was recorded at 6.37 million shares and was transacted for IDR 8.17 billion.

Binaartha Sekuritas analyst, M. Nafan Aji Gustama said, JCI will tend to strengthen today. "There is a potential for further strengthening in the JCI movement so that it has the opportunity to go to the nearest resistance," Nafan said.

Based on technical analysis, Nafan predicts the first resistance area of the JCI to be at the level of 4,697.67 and the second resistance area to be at the level of 4,883.15.

This means that if the JCI movement is able to penetrate the first resistance, then the opportunity to go to the second resistance level can be achieved.

Meanwhile, the first support area is predicted to be at the level of 4,397.44 and the second support is at the level of 4,304.7. If the JCI is moving down through the first support, then the movement will test the second support level.