The JCI On Wednesday Is Potentially Weakening, These 3 Stocks Are Recommended

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) in today's trading, Wednesday, November 24, is projected to weaken after yesterday in negative territory, dropping 0.68 percent or 45.51 points and parking at the level of 6.677.88.

Artha Sekuritas analyst Dennies Christopher Jordan said the JCI closed lower in line with the weakening of global stock markets. Dennies said that throughout the day, investors seemed to be taking profit because the strengthening was quite high.

In addition, he continued, investors are also anticipating the release of several economic data from the United States. As for today's trading, Dennis predicts the JCI will weaken.

"Technically, the JCI formed an evening star formation indicating a potential bearish trend in the short term. Investors will pay close attention to the release of several economic data from the United States which will influence future economic policies," said Dennies in his daily research.

In addition, he said, investors will also focus more on stocks that will distribute dividends after the release of their performance in the third quarter of 2021. Artha Sekuritas estimates that the JCI will move with support at 6.648 and 6.620 and resistance at 6.718 and 6.760.

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 Barito Pacific Tbk (BRPT).