JCI Tuesday Projected To Strengthen, Shares Of M Cash And Telkom Recommended

JAKARTA - The movement of the Composite Stock Price Index (JCI) in today's trading, Tuesday, September 14, is expected to experience a technical rebound, after yesterday ending in the red zone with a weakening of 0.11 percent at 6,088.

According to PT Reliance Sekuritas Indonesia Tbk (RELI) analyst, Lanjar Nafi Taulat Ibrahimsyah, so far the JCI consolidation rate is still stuck at the 200-Day Moving Average (MA200) support level or the level at 6,062 as seen on the index chart.

"The strength of the JCI that is able to stay at the support level will be a positive signal in the next trade," said Lanjar in his research.

He said that currently the Stochastic and RSI indicators are consolidating in the middle area, with bullish momentum moving.

"So, the JCI has the potential to strengthen in today's trading, with a support-resistance range at the level of 6,063-6,144," said Lanjar.

Therefore, he explained, investors can respond to the JCI rate which is expected to reverse direction by collecting shares of PT Adi Sarana Armada Tbk (ASSA), PT Bank Rakyat Indonesia Tbk (BBRI), PT Barito Pacific Tbk (BRPT), PT M Cash Integration Tbk. (MCAS), and PT Telkom Indonesia Tbk (TLKM).