Beware Of JCI Returning To 6,747, Check Stock Recommendations

JCI illustration (Photo: Doc Antara)

JAKARTA - The Composite Stock Price Index (JCI) is predicted to still experience pressure. Although, last weekend it closed higher.

Quoting MNC Sekuritas research, Monday, October 23, during the JCI it was still unable to penetrate resistance at 6,986 and 7,046, so be aware of a reversal.

Because it is currently estimated that the JCI is in part of the wave c of the wave ii.

"This will bring the JCI to the area of 6,747 as the correction target," the research quoted him as saying.

The JCI movement is predicted to support 6,798-6,697. Meanwhile, the resistance level is at 6,992-7,046.

Today's Share Recommendation CPIN - Spec Buy CPIN moves flat to IDR 5,200 and is still dominated by sales volume. As long as CPIN is still able to move above 5,025 as its stoploss, then CPIN's position is currently expected to be at the beginning of the wave (iii) of the wave [c].Spec Buy: IDR 5,100-IDR 5,200 Target Price: IDR 5,475, IDR 5,725Stoploss: below IDR 5,025

ESSA - Buy on Weakness ESSA moves flat to IDR 695 and is still dominated by the emergence of sales volume. We estimate that ESSA's position is currently at the end of the wave (b) from the wave [v], so ESSA corrections will tend to be limited and have the opportunity to strengthen again. Buy on Weakness: IDR 665-IDR 695 Target Price: IDR 770, IDR 850Stopoloss: below IDR 635

UNTR - Buy on Weakness UNTR is corrected 0.8 percent to Rp25,825 and is still dominated by sales volume. We estimate that UNTR's position is currently at the end of the wave (B) so that UNTR is still prone to correction and can be used for BoW. Buy on Weakness: Rp24,700-Rp25,500 Target Price: Rp27,225, Rp28,775Stopoloss: below Rp24,050

UNVR - Buy on Weakness UNVR rose to 1.3 percent Rp3,860 accompanied by the emergence of the purchase volume, the movement of UNVR was able to be above MA20. As long as it is still able to move above Rp3,610 as its stoploss, the UNVR position is currently expected to be part of the wave (iii) of the wave [iii]. Buy on Weakness: Rp3,750-Rp3,840 Target Price: Rp3,940, Rp4,070Stopolss: below Rp3,610.