JCI Monday Again Tests Level 7,000, What Stocks Are Recommended?

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) closed up 23.45 points or 0.34 percent to the level of 6,982.79 at the end of trading Friday, September 15. So how is the JCI movement today, Monday 18 September?

Phintraco Sekuritas in his research said that the JCI again tested 7.000 resistance on Friday, but a high upper shadow was formed.

"Technically, RSI Stochastic and MFI are relatively moving up. Also, gold cross was formed in MACD. Thus, the JCI is estimated to fluctuate in the range of 6,930-7,020 on Monday," explained Pintraco Sekuritas research.

Market participants are also predicted to pay attention to FOMC The Fed on 19-20 September 2023. The Fed is expected to hold the benchmark interest rate, following the recent US data that is relatively improving.

In addition to the Fed, BI is also believed to be holding the benchmark interest rate back at 5.75 percent on September 20-21, 2023.

Investors can pay attention to several stocks with potential rebounds and continued rebounds including PTBA, TLKM, UNTR, AKRA, BMRI, BBNI, MBMA, and SRTG.