JCI Thursday Predicted Consolidation, Five Shares Could Be An Option
JAKARTA - The Composite Stock Price Index (JCI) is predicted to consolidate in today's trading, Thursday 9 January. Phintraco Sekuritas in his research said that the JCI today is expected to move at 7,150 resistance, 7,100 pivots, and 7,000 supports.
Phintraco Sekuritas said the JCI ended flat again on Wednesday. This movement strengthens indications of the JCI consolidation phase in the range of 7,030-7,130 in the rest of this week.
"Technically, the movement is likely a form of the JCI effort today out of the overbought area," wrote Phintraco Sekuritas.
From the United States (US), Phintraco Sekuritas said, it is scheduled to release US layoff data for December 2024 which is estimated to increase to 65 thousand from 57 thousand in November 2024.
The automotive sector recorded the highest number of layoffs with 11,000 cases triggered by import tariff policies, competition from Chinese electric vehicle manufacturers, and changes to government subsidies policies.
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"This condition reinforces the view of the potential negative impact on the US economy itself from the implementation of an inward looking policy that is too aggressive," explained Phintraco Sekuritas.
From domestic, Phintraco Sekuritas said, the market is looking forward to the release of data from the Consumer Confidence Index (IKK) in December 2024 which is estimated to remain above 120.
The stocks recommended by Phintraco Sekuritas today are AMRT, MYOR, CLEO, INDY and AKRA.