JAKARTA - The movement of the Composite Stock Price Index (JCI) is projected to strengthen in today's trading, Monday, July 11, after last weekend's closing hike of 1.31 percent to 6,740.22.
Artha Sekuritas Indonesia analyst Dennie Christopher Jordan said that the JCI is expected to move within the range of resistance at 6,759-6,778 and support at 6,664-6,702 in today's trading.
According to him, technically, the candlestick formed a higher high and a higher low. With the stochastic forming a golden cross around the oversold area, indicating a potential strengthening.
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"At the beginning of the week, investors will pay close attention to some economic data from China, as well as Indonesian retail sales data," he explained in the research.
Meanwhile, Artha Sekuritas Indonesia recommended the stocks of PT Perusahaan Gas Negara Tbk (PGAS) in today's trading. In addition, they also recommended PT Sarana Menara Nusantara Tbk (TOWR), PT Sawit Sumbermas Sarana Tbk (SSMS), PT Adaro Energy Tbk (ADRO), and PT Bank Rakyat Indonesia Tbk (BBRI).
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