JCI Tuesday Is Predicted To Continue Weakening, These Are Analyst-Recommended Shares

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is estimated to tend to weaken in today's trading, Tuesday, November 15 after yesterday closing at 7,019.39 or down 0.98 percent.

Artha Sekuritas analyst Dennies Christopher Jordan explained that the JCI closed lower yesterday even though some global economic data was recorded quite well.

From within the country, the release season for the performance of the third quarter of 2022 has begun to reach the end but some have just released recording quite good performance.

Dennies predicts the JCI will weaken in tomorrow's trading. Technically, the candlestick forms a long black body and with a fairly high volume indicates potential weakness.

"Investors will pay close attention to the release of trade balance data from within the country and from global US PPI data," said Dennies in his research.

Furthermore, Dennies estimates that the JCI will move at support levels of 6,994 and 7,022 and resistance at 7,094 and 7,134. The stocks that Dennies recommends for trading today are PT Wijaya Karya Tbk (WIKA), PT Sarana Menara Nusantara Tbk (TOWR), and PT Merdeka Cooper Gold Tbk (MDKA).