JAKARTA - The Composite Stock Price Index (IHSG) has finally strengthened again after several days continuing to weaken. In trading on Tuesday, July 5, the JCI rose 0.97 percent to a level of 6,703.26.
However, for today's trading (Wednesday, July 6), the JCI is expected to weaken again. According to research by Binaartha Sekuritas Analyst Ivan Rosanova, JCI failed to break above the SMA-5 line which is around the 6,800 level as the closest resistance.
"However any strength above 6,800 will open the way to the next resistance at 6,860, " said Ivan.
For today, Ivan estimates that the JCI support levels will be at 6,510, 6,412 and 6,289. Meanwhile, the resistance levels are at 6,800, 6,860 and 6,945.
"The range of support and resistance based on the MACD indicator is in bearish momentum," Ivan added.
There are a number of stock recommendations that investors can consider, including ADRO, ASII, BBCA, GOTO, and INDF.
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