JCI Is Expected To Be Under Pressure On Wednesday, Check Out Stock Recommendations
JAKARTA - The Composite Stock Price Index (JCI) is predicted to still be depressed in today's trading, Wednesday, February 5, after parking in the green zone yesterday, aka strengthening 43.401 points or 0.62 percent to 7,073.459.
The total volume of exchange transactions reached 26.62 billion shares with a transaction value of IDR 10.2 trillion. A total of 321 shares rose, 257 stocks fell, and 221 stocks were stagnant.
Phillip Sekuritas in his research saw that the JCI in today's trading tends to move bearish.
"The movement is again stuck around EMA34 today, so it has the potential to continue its short-term decline," explained Phintraco Sekuritas.
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Phillip Sekuritas projects that the JCI will move today at support levels of 6,930 and resistance at 7,200.
"The sentiment that is still of concern is the clarity of the plan to apply US trade rates to countries, such as Canada, Mexico, and China."
The stocks recommended by Phillip Sekuritas for today's trading are PTRO, GOTO, and DMMX.