The JCI Is Predicted To Strengthen Friday, Analyst Recommends Japfa, WIKA, And Waskita Stocks

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to strengthen in today's trading Friday, January 14 after yesterday being able to rise 0.17 percent at the level of 6.658.35.

Artha Sekuritas analyst Dennies Christopher Jordan explained that the JCI yesterday closed slightly higher in line with investors' bargain hunting action after weakening for two consecutive days.

"The strengthening was driven by the easing of concerns about inflation and the Fed's policy for a while," said Dennies in his research.

Dennis predicts JCI will strengthen today. Technically, JCI strengthened after around the strong support for MA 50 and indicated that there is still potential for strengthening in the short term

"Investors will pay close attention to several data releases from the US. The domestic sentiment is still minimal. Investors are still watching the coal DMO policy," he said.

Furthermore, Dennies estimates that the JCI will move at support levels of 6.592 and 6.625 and resistance at 6.690 and 6.722. The stocks that Dennies recommends for trading today are PT Japfa Comfeed Tbk (JPFA), PT Wijaya Karya Tbk (WIKA), PT Waskita Karya Tbk (WSKT).