JCI Tuesday Projected to Move in the Range of 6,300-6,450, Watch the Stock Recommendations

JAKARTA - The Composite Stock Price Index (JCI) is projected to move sideways in today's trading, Tuesday, August 11, after yesterday closed down 0.69 percent to 6,365.3.

The primary consumer goods sector (1.37 percent) experienced the largest correction, while the transportation sector was the only sector that strengthened (6.21 percent).

Phintraco Sekuritas in its research explained that technically, the Stochastic RSI indicator of the JCI formed a Death Cross in the overbought area and began to narrow the positive MACD histogram.

"So it is estimated that the JCI will move sideways in the range of 6,300-6,450," wrote Phintraco Sekuritas.

Meanwhile, according to MNC Sekuritas, the JCI has the opportunity to strengthen with a target of 6,440-6,544. Re-examine the potential for continued correction in the short term to the range of 6,308-6,360.

MNC Sekuritas recommends four stocks for trading today, namely DSSA, ESSA, HRTA and WIFI.