JCI Monday Projected To Move In The Range Of 7,450-7,650, Check Out Stock Recommendations
JAKARTA - The Composite Stock Price Index (JCI) is projected to strengthen in today's trading, Monday, July 28, after climbing 0.17 percent last weekend to the level of 7,543.
Phintraco Sekuritas in his research looked technically, the Stochastic RSI indicator forming a golden cross in the overbought area and MACD still showed interest in buying. The JCI candlestick, forming a relatively lower volume doji pattern. This signals the occurrence of consolidation.
"JCI this week is expected to move sideways with a tendency to strengthen in the range of 7,450-7,650," explained Phintraco Sekuritas.
For information, this week there will be a FOMC Meeting, a routine meeting held by FOMC, part of the US central bank The Fed, to determine the direction of US monetary policy, particularly the benchmark interest rate. This meeting was held on 29-30 July 2025.
The sentiment will also affect the JCI movement this week. On the other hand, a number of global agendas are being anticipated by investors.
Such as continued trade negotiations between the US and China in Stockholm from July 28 to 29, 2025 and US President Donald Trump's visit to Scotland from July 25 to 29, 2025.
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"On a visit to Scotland, there is a potential for further negotiations between the US and Britain regarding the import rate of 25% over steel and aluminum products from the UK," explained Phintraco Sekuritas.
Previously, in the initial agreement between the US and Britain which came into force last June 30, there was a commitment that the US would remove import rates for steel and aluminum products from the UK.
The stocks that can be observed according to Phintraco Sekuritas, namely PT Summarecon Agung Tbk (SMRA), PT Bumi Serpong Damai Tbk (BSDE), and PT Chandra Asri Petrochemical Tbk (TPIA), PT BFI Finance Indonesia Tbk (BFIN), PT Indocement Tunggal Prakarsa Tbk (INTP), and PT Sarana Menara Nusantara Tbk (TOWR).