IHSG Thursday Projected To Strengthen, Waskita And WIKA Shares Are Recommended

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to strengthen in today's trading Thursday, January 13 after closing down 0.01 percent yesterday at the level of 6,647.06.

Artha Sekuritas analyst Dennies Christopher Jordan explained that the JCI weakened yesterday even though global stock markets rose on average.

"Weakening is due to lack of sentiment. On the other hand, concerns about the Fed's interest rate hike are starting to subside," said Dennies in his research.

Dennis predicts the JCI will strengthen on Thursday. Technically, the candlestick forms a lower high and a lower low indicating potential for weakness, but the range of weakness will be quite limited to around the strong support for the 50 MA.

"Investors will pay close attention to some of the economic data released in the United States. Meanwhile, domestic sentiment is still not seen as a catalyst for the JCI," he explained.

Furthermore, Dennies estimates that the JCI will move at support levels of 6,589 and 6,618 and resistance at 6,683 and 6,719. The stocks that he recommends include PT Japfa Comfeed Tbk (JPFA), PT Wijaya Karya Tbk (WIKA), PT Waskita Karya Tbk (WSKT).