JCI Is Predicted To Still Be Under Pressure On Wednesday, These Five Stocks Could Be An Option
JAKARTA - The Composite Stock Price Index (JCI) is projected to be depressed in today's trading, Wednesday 18 December. Phintraco Sekuritas in his research estimates the JCI will move in the resistance range of 7,200, pivot 7,150, and support 7,100.
Phintraco Sekuritas explained, the JCI continued to weaken on Tuesday, and moved closer to the critical support level in the range of 7,075-7,100. Technically, the JCI re-formed the blackmarubozu after the three black crowd.
This pattern indicates that the selling pressure is still relatively large. There are no indications of easing selling pressure in the JCI trading today, "wrote Phintraco Sekuritas.
Despite external sentiment, Phintraco Sekuritas said, in particular, anticipating the announcement of the FOMC and the speech of the Head of the Fed, Jerome Powell on Thursday, December 19, the market seems to be influenced by non-fundamental factors. The factor in question is the public offering period of the three prospective issuers, namely CBDK, DGWG and RATU in the first week of January 2025.
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The total emission value of the three has the potential to reach IDR 4 trillion. This condition is estimated to cause tightening liquidity in the stock market in the last 2 weeks of December 2024," explained Phintraco Sekuritas.
Phintraco Sekuritas recommends five shares for today, namely BRPT, EXCL, ISAT, JPFA, and KLBF.