JAKARTA - The movement of the Composite Stock Price Index (JCI) is projected to weaken limited in today's trading, Friday, January 6, after yesterday's decline of 159.39 points or 2.34 percent to 6,653.84.

Phintraco Sekuritas in its research said, be aware of critical support levels of 6,600 in Friday's trading. JCI has the potential to form through, if weakening is stuck in that level range.

"On the other hand, the weakening can still continue, if the JCI breaks the 6,600," wrote Phintraco Sekuritas.

JCI was depressed due to a weakening of energy commodity prices in trading Wednesday. However, oil prices rebounded 0.5 percent on Thursday and gas prices rebounded by more than 1 percent at the same time. This condition may dampen the sell-off on energy stocks in Friday's trading.

In addition, the majority of regional indexes closed higher on Thursday against the JCI.

"JCI will be in the resistance area 6,780, Pivot 6,700, and Support 6,600," explained Phintraco Sekuritas.

Meanwhile, Phintraco Sekuritas recommends investors to pay close attention to potential rebounds in several stocks, such as MIKA, SSMS, BBTN and MAPI as well as the opportunity for speculative buys at BBCA, BBRI and BBRI in trading Friday.


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