JCI Is Predicted To Strengthen Tuesday, Russia-Ukraine Still Become Investor's Attention

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to strengthen in today's trading, Tuesday, February 22 after yesterday strengthening by parking at the level of 6,902.97 or up 0.15 percent.

Artha Sekuritas analyst Dennies Christopher Jordan said that the JCI closed higher yesterday, ignoring the weakening of global stock markets, which fell due to concerns that tensions between Russia and Ukraine were heating up.

In addition, Dennis also said that the movement at the beginning of this week lacked sentiment from within the country. As for today's trading, Dennis predicts the JCI will strengthen.

Dennies explained that technically the candlestick, JCI formed a higher high and a higher low with a narrowing stochastic indicating a potential strengthening but with a limited range.

"The movement will still lack sentiment from economic data. Investors will still watch the development of tensions between Russia and Ukraine," said Dennies in his research.

Artha Sekuritas estimates that JCI will move with support at 6,883 and 6,864 and resistance at 6,924 and 6,946. The stocks that can be observed include PT Ciputra Development Tbk (CTRA), PT Media Nusantara Citra Tbk (MNCN), and PT Astra International Tbk (ASII).