JCI Is Predicted To Correct After The Eid Holiday, Check Stock Recommendations Today

JCI (Photo: Doc Antara)

JAKARTA - The Composite Stock Price Index (JCI) is predicted to be corrected at the start of trading after the Eid holiday. JCI will move in the support range of 7,099-7,045 and resistance at 7,396-7,454.

Citing MNC Sekuritas' research, Tuesday, April 16, the JCI is expected to be corrected again to re-test the support area at 7,099 and will have the opportunity to strengthen again to test 7,432 to 7,600.

"However, in the red label, if the JCI penetrates support 7,099 then the JCI is still prone to continuing its corrections to test 6,931-7,021," the research quoted him.

Previously, the JCI strengthened 0.45 percent to 7,286. This is still accompanied by the emergence of the volume of purchases, the JCI was able to close above the MA60.

Today's Stock Recommendations

BBCA - BBCA's Spec Buy corrected 0.25 percent to Rp9,825 accompanied by the emergence of sales volume, but the BBCA correction was stuck by the MA60. As long as the BBCA is still able to move above 9,525 as its stoploss, the BBCA's position is currently expected to be at the beginning of the [v] wave from wave C on the black label. Spec Buy: IDR 9,675-IDR 9,800 Target Price: IDR 10,100, IDR 10,450Stopols: below IDR 9,525

ELSA - Buy on Weakness ELSA is moving flat to 400 and is still dominated by purchasing volume, but its movement is still stuck by resistance at 404. Buy on Weakness: IDR 390-IDR 398 Target Price: IDR 416, IDR 426Stoploss: below IDR 380

ESSA - Buy on Weakness ESSA corrected 1.37 percent to Rp720 accompanied by the emergence of sales volume. Currently, we estimate that ESSA's position is at the end of the wave iii from wave (c), so ESSA is prone to correcting first to form wave iv. Take advantage of ESSA's correction to BoW. Buy on Weakness: Rp650-Rp700 Target Price: Rp755, Rp800Stoploss: below Rp590

MAHA - Buy on Wealth MAHA rose 0.51 percent to Rp197 and is still dominated by the volume of purchases, MAHA's movement was able to be above MA20. As long as MAHA is still able to be above 185 as its stoploss, MAHA's position is currently expected to be at the beginning of wave [iii] of wave 1 on the black label. Buy on Weakness: Rp189-Rp194 Target Price: Rp208, Rp220Stoploss: below Rp185.