JCI Tuesday Has the Chance to Strengthen at Resistance Level 7,387

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (IHSG) closed up 0.38 percent or increased 27.61 points to 7,377.76 in yesterday's trading, Monday 25 March. The JCI is projected to have the opportunity to strengthen at the support level of 7,316 and resistance level of 7,387 today, Tuesday, March 26.

Mirae Asset Sekuritas analyst Nafan Aji said that there has been no release of macroeconomic data that has had a high market impact, especially domestically.

As for externally, it is estimated that the market will tend to be volatile due to the waiting factor for the release. For example, related to comparing inflation figures from the United States as well as the release of Flash Manufacturing Purchasing Managers Index (PMI) and Flash Service PMI from developed countries.

"Indeed, because it still tends to contract, at least this is what investors are waiting for," said Nafan.

Nafan projects that the JCI this Tuesday will be at support levels of 7,321 and 7,289, while resistance will be around 7,403 and 7,454.