JCI Will Strengthen On Wednesday, These Are The Stocks To Choose

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) today, Wednesday, December 8, is predicted to strengthen after yesterday's increase of 55.45 points or 0.85 percent to the level of 6,602.56.

Artha Sekuritas Indonesia analyst Dennies Christopher Jordan observed that the JCI today rebounded around the MA50 after concerns about the new variant of Omicron subsided slightly. However, its movement is still overshadowed by a lot of uncertainty, especially from global sentiment.

For today's trading, said Dennies, JCI is predicted to continue strengthening. Support levels will be at 6,560-6,513 and resistance levels at 6,631 - 6,655.

"Technically, the candlestick formed a higher high and a higher low with the stochastic indicator moving to form a golden cross indicating potential strengthening," said Dennies in his daily research.

The JCI movement will still be overshadowed by concerns over the Fed's policies related to inflation and interest rates, which are expected to be more aggressive. In the midst of the JCI projection which is projected to continue strengthening, these stocks are closely watched by analysts of PT Ciputra Development Tbk (CTRA), PT Mitra Keluarga Karyasehat Tbk (MIKA), and PT Semen Indonesia Tbk (SMGR).