JAKARTA - The movement of the Composite Stock Price Index (JCI) is estimated to weaken in today's trading, Tuesday, August 16 after closing at 7,088.62 yesterday or down 0.57 percent.
Artha Sekuritas analyst Dennies Christopher Jordan explained that the JCI closed lower yesterday with a fairly limited range due to profit taking by investors ahead of the holiday weekend. He said the movement was still supported by the release season for the performance report as of the first semester of 2022.
"On the other hand, trade balance data recorded a surplus in July 2022," he explained.
Dennis predicts the JCI will weaken today. Technically, JCI formed a lower high and a lower low accompanied by a stochastic that formed a
indicates the potential for short-term weakness.
In addition, the market is expected to move limited due to fewer trading days this week.
SEE ALSO:
"The range of weakening is expected to be limited because the movement is supported by the release season of the issuer's performance per semester I 2022, which recorded growth on average," said Dennies.
Dennies estimates that the JCI will move at support levels of 7,035 and 7,064 and resistance at 7,139 and 7,185. The stocks that Dennies recommends for trading tomorrow are PT PP Tbk (PTPP), PT Ciputra Development Tbk (CTRA), and PT Sarana Menara Nusantara Tbk (TOWR).
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
