JCI Responded To Positive Sentiment, Seven Stocks Recommended

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) has the opportunity to test the highest level or resistance following a positive signal from Wall Street today, Friday 22 December. JCI is expected to move on 7,250, and support 7,150 today.

Phintraco Sekuritas in his research explained that the JCI has the opportunity to return to the highest level of testing or resistance to 7,230-7,250. Following a significant strengthening of Wall Street's indexes yesterday.

"Technically, MACD is starting to re-form a positive slope, strengthening the signal of continued strengthening of the Stochastic RSI rise," wrote Phintraco Sekuritas.

Phintraco Sekuritas added that BI decided to re-maintain the benchmark interest rate at the level of 6%. This decision is in accordance with market expectations, so that there is no excessive euphoria in stocks in the rate-sensitive sectors such as banks, property & real estate and automotive.

"In addition, BI has not clearly conveyed instructions regarding the opportunity to cut the BI Rate in 2024," said Phintraco Sekuritas.

Phintraco Sekuritas said the increased security risks on the Red Sea cruise route triggered speculation of increased demand for energy commodities from areas far from conflict areas, including Indonesia.

" Cruise stocks like SMDR can be observed in the short term," explained Phintraco Sekuritas.

Apart from SMDR, Phintraco Sekuritas also recommended that six shares be hunted today. The six stocks are BBNI, ISAT, PWON, TBIG, TINS, and BMTR.