JAKARTA - The Composite Stock Price Index (JCI) is projected to move consolidated today, Wednesday, October 23. Phintraco Sekuritas in its research estimates the JCI will move in the resistance range of 7,830, pivot 7,750, and support 7,700.
Phintraco Sekuritas explained, today's JCI strengthening is starting to be limited to overbought areas in the Stochastic RSI indicator. Thus, the JCI is expected to move consolidatively today under the resistance area of 7,800-7,830 on Wednesday.
"Moreover, there was a negative direction from the majority of the global index last Tuesday," wrote Phintraco Sekuritas.
From external, Phintraco Sekuritas added, the market anticipates the release of the MBA Purchase Index data in America last week which was scheduled to be released this Wednesday as a reference for knowing the level of demand for housing in America. The data is believed to be able to affect the direction of the Fed's benchmark interest rate policy.
"In addition, the market is looking forward to releasing Consumer Confidence Flash data in October 2024 at the Euro Area which is scheduled to be released today," explained Phintraco Sekuritas.
SEE ALSO:
From a domestic point of view, Phintraco Sekuritas said, the market is looking forward to releasing financial report data for the third quarter of 2024, especially Big Banks, such as BBCA, which is scheduled to release its third quarter 2024 financial report this Wednesday.
The stocks recommended by Phintraco Sekuritas today are TINS, HRUM, UNVR, MAPI, MDKA, and SCMA.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
Most Popular Tags
#Prabowo Subianto #israel #Palestine #Gibran Rakabuming #election 2024 #pelantitkan prabowoPopular
