JCI End of Week Has the Opportunity to Continue to Strengthen, Four Stocks are Worth Watching

JAKARTA - The Composite Stock Price Index (JCI) has the opportunity to continue strengthening in today's trading, Friday, July 17, after yesterday closed up 1.01 percent to 6,108.2.

Phintraco Sekuritas in its research said that the strengthening of the index was supported by the return of foreign investor buying with a net foreign buy of Rp1.01 trillion in the first trading session yesterday.

Especially concentrated on big banks such as BMRI and BBCA, as well as commodity stocks such as TINS, making it one of the main contributors to the strengthening of the JCI.

Technically, the JCI is still above the MA5 and MA20, while the MACD indicator is starting to show a widening positive slope, which indicates that the momentum of strengthening is still maintained.

"Thus, the JCI has the opportunity to continue strengthening to test the resistance area of 6.125-6.175 on Friday's trading," wrote Phintraco Securities.

Meanwhile, MNC Sekuritas revealed that the JCI has the opportunity to strengthen by testing the level of 6.137-6.254. Watch the nearest correction area which is estimated to be at 5.974-6.020.

MNC Sekuritas recommends four stocks for trading today, namely INCO, INDY, ISAT, and OASA.