JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to weaken in today's trading, Tuesday, December 21 after yesterday closing trading in negative territory by weakening 0.83 percent or 54.82 points so that it parked at the level of 6,547.11.
Artha Sekuritas analyst Dennies Christopher Jordan said that the JCI closed lower yesterday following the weakening of global stock markets, which are still worried about the acceleration of tapering by the Fed.
According to him, yesterday's stock movement lacked sentiment from within the country. As for today's trading, Dennis predicts the JCI will weaken.
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He explained technically the candlestick formed a lower high and a lower low. MACD is still moving in a distribution trend, this he said indicates that there is still potential for weakness, although it is quite limited.
"The movement will still be overshadowed by the action of the Fed which will accelerate the tapering," Dennies wrote in his daily research.
For today's trading, Artha Sekuritas estimates JCI will move with support at 6,527 and 6,507 and resistance at 6,573 and 6,599. The stocks that can be observed include PT Multipolar Tbk (MLPL), PT Surya Citra Media Tbk (SCMA), and PT Sarana Menara Nusantara Tbk (TOWR).
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