JCI Tuesday Has The Opportunity To Continue Strengthening, A Number Of Shares Can Be Observed

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (IHSG) has the opportunity to continue strengthening today, Tuesday, January 17, after closing yesterday with a gain of 0.70 percent or 46.22 points to a level of 6,688.

Yugen Bermbuh Sekuritas CEO William Surya Wijaya said that the movement pattern of the JCI seemed to be trying to get out of the normal consolidation range and managed to shift the resistance level to a better direction. However, an increase in the JCI will only be confirmed if the JCI is able to close above the resistance level in succession.

"For the time being the JCI looks quite capable of staying in the green zone, but investors still have to be aware of the potential for a reasonable correction because there are still waves of capital outflows on a year-to-date (ytd) basis," he explained in his research.

Yesterday, foreign investors recorded a net sell of IDR 335.6 billion. Throughout 2023, net sales of foreign investors amounted to IDR 5.49 trillion. William predicts that today's JCI will move in the range of 6,589 - 6,704.

Meanwhile, William recommended several stocks for investors to pay close attention to, including BBCA, TLKM, SMGR, AALI, BMRI, ASII, KLBF, ASRI.