The JCI Will Continue To Strengthen Today, 3 Shares Recommended By Artha Sekuritas

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to continue strengthening in today's trading, Tuesday, April 29, after yesterday parked at 7.049.68 or up 0.67 percent.

Artha Sekuritas analyst Dennies Christopher Jordan explained that the JCI yesterday rose amid fluctuations in global stock markets. The increase in the JCI was driven by optimism about the release of issuer's financial performance which was considered good in terms of growth and was driven by the distribution of dividends by several issuers.

Dennis predicts JCI will strengthen again today. JCI technically the candlestick formed a long white body with the stochastic forming a golden cross indicating potential strengthening.

"The movement will still be driven by the release of issuers' performance reports and dividend distributions. Global investors will continue to monitor developments in US economic policies and the conflict between Russia and Ukraine," said Dennies in his research.

Furthermore, Dennies estimates that the JCI will move at support levels of 6.965 and 7.007 and resistance at 7.071 and 7.093. The stocks that Dennies recommends for trading tomorrow are PT Semen Indonesia Tbk (SMGR), PT Erajaya Swasembada Citra Tbk (ERAA), PT Media Citra Nusantara Tbk (MNCN).