JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to strengthen in today's trading, Wednesday, December 29, after yesterday's rise of 0.19 percent at the level of 6.598.34.
Artha Sekuritas analyst Dennies Christopher Jordan explained that the JCI yesterday strengthened to a limited extent, ignoring concerns about the Omicron COVID-19 variant in the US and Europe.
"There was minimal movement in sentiment at the beginning of the week before the New Year's holiday," said Dennies in his research.
Dennis predicts JCI will strengthen today. Technically, the candlestick formed a higher high and a higher low with the stochastic indicator forming a golden cross in the oversold area indicating the potential for strengthening in the short term.
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"The movement of the JCI is expected to be quite limited due to the lack of domestic sentiment towards the end of 2021," he explained.
Furthermore, Dennies estimates that the JCI will move at support levels of 6.570 and 6.584 and resistance at 6.613 and 6.628. The stocks that Dennies recommends for trading today are PT Astra International Tbk (ASII), PT Summarecon Agung Tbk (SMRA), and PT Sarana Menara Nusantara Tbk (TOWR).
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