The JCI On Tuesday Predicted To Continue Strengthening And Again Touch The Highest Record

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) today, Tuesday, November 23, is predicted to continue strengthening after closing in positive territory yesterday with a slight increase of 0.05 percent or 3.12 points and touching its highest level by parking at the level of 6.723.38.

Artha Sekuritas analyst Dennies Christopher Jordan revealed that the JCI movement yesterday closed slightly higher after fluctuating throughout the day. However, the JCI still reached a record high.

According to him, the JCI movement was still driven by the issuer's performance report as of the third quarter of 2021. Dennies explained that technically the JCI managed to close at a record high with a fairly high volume driven by optimism for window dressing.

"Currently investors tend to ignore concerns about inflation and tapering from the United States. However, investors will continue to observe developments and releases of economic data," wrote Dennies in his daily research.

For today's trading, Artha Sekuritas estimates JCI will move with support at 6.690 and 6.658 and resistance at 6.754 and 6.786.

The stocks that can be observed for the beginning of the third week of November are PT Wijaya Karya Tbk (WIKA), PT Bank Tabungan Negara Tbk (BBTN), and PT Indika Energy Tbk (INDY).