JCI Tuesday Projected To Continue Strengthening: Shares Of WIKA, London Sumatra, And BSD Recommended

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) today, Tuesday, November 9, is projected to remain in the green zone after yesterday being able to gain 50.51 points to a level of 6,632.29.

Artha Sekuritas analyst Dennies Christopher Jordan said the strengthening of the JCI was supported by the performance results of issuers in the third quarter of 2021. On the other hand, investors had also ignored the impact of tapering from the Federal Reserve (The Fed).

Even so, that sentiment will still be the main driver of the JCI today, especially technically, the candlestick indicator formed a higher high and a higher low with the stochastic indicator widening after forming a goldencross pattern.

"This indicates strengthening," said Dennis in his research.

He estimates that the index will move with a support range of 6,575-6,603. Meanwhile, the JCI resistance is in the range of 6,648-6,665. A number of stocks such as PT Wijaya Karya Tbk (WIKA), PT PP London Sumatra Indonesia Tbk (LSIP), and PT Bumi Serpong Damai Tbk (BSDE) can be glimpsed.