JCI Thursday Is Projected To Weaken Slightly, These Are 3 Stock Recommendations From Analysts

Residents look at the composite stock price index JCI (Sigid Kurniawan/Antara)

JAKARTA - Indonesia's movement predicts the Jakarta Composite Index (JCI) is projected to weaken in today's trading, Thursday, January 6, after yesterday closing trading in the red zone with a decrease of 0.49 percent or 33.07 points so that it parked at the level of 6,662.30.

Artha Sekuritas analyst Dennies Christopher Jordan said that the JCI closed lower yesterday, indicating a correction after a significant increase in the previous two days.

Meanwhile, according to him, today's index movement lacks sentiment from within the country. Investors tend to be conservative waiting for the minutes of the meeting from the Fed.

Dennis also predicts that the JCI will weaken today. He explained that technically the candlestick, JCI formed a bearish engulfing formation indicating a potential weakness in the short term.

“Investors will be watching the outcome of the Fed meeting. From within the country, there is still minimal sentiment. Commodity prices that are still quite strong are expected to be able to support the JCI," wrote Dennies in his daily research.

Dennies estimates that JCI will move with support at 6,618 and 6,574 and resistance at 6,722 and 6,782. The stocks he recommends include PT Astra International Tbk (ASII), PT Aneka Tambang Tbk (ANTM), and PT Sarana Menara Nusantara Tbk (TOWR).