JCI At The End Of Week Menguat, This Is What Analysts Say

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) has the opportunity to strengthen in today's trading, Friday, November 11, after yesterday closing down 1.46 percent or 103.25 points to 6,966.84.

CEO of Yugen Bersinar Sekuritas William Surya Wijaya said the JCI movement at the weekend still seemed not to move out of the sideways range and even showed that the pressure pattern in the short term was still quite strong.

On the other hand, the recorded capital inflow ytd shows that investment in the Indonesian capital market is still quite large.

"The opportunity for reasonable corrections can be used by investors to accumulate purchases considering that in the long term the JCI still shows an uptrend pattern," he said in his research.

Today, JCI is predicted to move in the range of 6,954-7,172. The recommendations for its choice are JSMR, BBNI, ASII, SMGR, UNVR, SMRA, KLBF, AKRA. GOTO

Meanwhile, Samuel Sekuritas Indonesia analyst William Mamudi in his research said, JCI (6,966) broke down support of 7,000 with bearish engulifying and becoming double top. The support target can go to 6,850.

"Today, Technical Analysts like WMPP shares, RAJA, MYOR with a trading buy rating, ABMM with a trading sell rating," he said.