JCI Is Projected To Strengthen On Friday As Positive Sentiments

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JAKARTA - The movement of the Composite Stock Price Index (JCI) is projected to strengthen in today's trading, Friday, March 10, after closing up 0.35 percent yesterday or 23.4 points to the level of 6,799.

Yugen-Browing Sekuritas CEO William Surya Wijaya said the JCI has the potential to strengthen in the range of 6,698 - 6,821 in today's trading.

"Finally, in the second week of the third month of 2023, the JCI is supported by a fairly stable economic data factor coupled with the prospect of developing issuers' performance which has the potential to continue to improve," he said in research.

According to William, issuer economic data and performance will continue to be attractive for investors to be able to invest in the Indonesian capital market which is also supported by the flow of capital inflows.

Meanwhile, the strengthening of the JCI tomorrow will be streamlined by an increase in a number of shares such as ASRI, BBCA, BBRI, BBNI, BINA, JSMR, UNVR, ICBP, HMSP, and WTON.

Meanwhile, Phintraco Sekuritas in his research said that the JCI formed a gap up in conjunction with Thursday's strengthening. Technically, the stochastic RSI and MACD formed a golden cross along with the strengthening.

However, the transaction volume actually fell significantly on Thursday. Investors are advised to be aware of the possibility of false minor bullish reversal signal.

Phintraco Sekuritas predicts the JCI will move within the support area range at the level of 6,750 and resistance at the level of 6,850, today.

Phintraco Sekuritas recommends market players to pay close attention to further rebound opportunities at BRIS, UNTR, TOWR, ASSA, ERAA, and ACES, as well as potential trading at PGAS, AKRA, and PRDA.