JCI Tuesday Is Predicted To Move Stronger, These Eight Stocks Can Be Pay Attention To Investors

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to strengthen in today's trading, Tuesday, May 23, after yesterday's increase of 0.43 percent or 29.086 points to the level of 6.729.647.

Phintraco Sekuritas in his research said that the JCI would form a whitemarubozu pattern along with the follow-up rebound on Monday.

Technically, the stochastic RSI and MACD formed a golden cross. However, there is no solid volume yet to validate the JCI's minor bullish reversal signal.

"Therefore, stay alert to potential pullback if the rebound starts to be stuck in the range of 6,810 (MA20)," explained Pintraco's research.

The external sentiment that affects the JCI movement on Tuesday is a market that believes the agreement was reached regarding the detailed debt ahead of the meeting between US President Joe Biden and US House Speaker Kevin McCarthy on Monday local time. US.

In addition, US Treasury Secretary Janet Yellen again reminded of the potential for an unpaid bill, if the agreement has not been reached until the deadline for achieving debt ceiling on June 1, 2023.

In addition, the PMI manufacturing indices in Europe, Germany and the US are expected to improve in May 2023, although they have not been able to return to an expansionary area. This at least restores optimism for increased demand, especially for commodity products.

The stocks chosen by Phintraco Sekuritas for trading this Tuesday are BMRI, BBNI, TLKM, ICBP, INDF, PGAS, CTRA, and PWON.