JCI Potentially Strengthens In D-1 For The 2024 Presidential Election, Check Out Recommended Stocks

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) has the potential to strengthen in today's trading, Tuesday, February 13, or D-1 for the 2024 Presidential Election or Presidential Election.

Yugen Bertumbuh Sekuritas CEO William Surya Wijaya said that ahead of the domestic democratic party tomorrow, of course, it can be a strong sentiment that can encourage an increase in the JCI in the medium term. The opportunity for minor corrections if this happens can still be used by investors to accumulate purchases.

"Today the JCI has the potential to strengthen, while other sentiments related to the release of issuers' performance will also be a supporting factor in the increase in the JCI in the medium term," he said in the research.

William predicts that today the JCI has the potential to strengthen in the range of 7,145-7,307. TLKM, EXCL, ISAT, KLBF, GGRM, ITMG, UNVR, BBCA, KAEF shares recommendations.

Meanwhile, the Phintraco Sekuritas research team said the JCI closed higher to the level of 7,297.67 on Monday. Technically, there is a positive widening of the slope in MACD, which gives a signal of strengthening.

"Nevertheless, investors need to pay close attention to the risk of volatility ahead of Wednesday's election," said Phintraco Sekuritas in research.

As a result, the JCI is expected to continue its consolidation phase this Tuesday with a range of movement in the 7,300-7,330 area. The JCI resistance level is predicted at 7,330, the pivot level at 7,300 and the support level at 7,250.