JCI On Wednesday Has A Chance To Strengthen, These 3 Stocks Are Recommended

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to strengthen in today's trading, Wednesday, December 22 after yesterday closing in positive territory by rising 0.11 percent or 7.20 points so that it parked at the level of 6,554.31.

Artha Sekuritas analyst Dennies Christopher Jordan said that in yesterday's trading, the JCI closed slightly higher after fluctuating throughout the day. According to him, the movement was overshadowed by the weakening of stock markets globally due to concerns over the spread of the Omicron variant of COVID-19, especially in the US and Europe.

As for today's trading, Dennis predicts the JCI will strengthen. He explained that technically the candlestick formed a doji with the stochastic indicator starting to narrow after previously forming a deadcross indicating a potential rebound in the short term.

"The strengthening is expected to be temporary due to the lack of domestic sentiment and concerns about the COVID-19 Omicron in the US and Europe," Dennies said in his daily research.

Artha Sekuritas estimates JCI will move with support at 6,530 and 6,506 and resistance at 6,578 and 6,602. The stocks that Dennies recommends today are PT Multipolar Tbk (MLPL), PT Summarecon Agung Tbk (SMRA), and PT Sarana Menara Nusantara Tbk (TOWR).