JAKARTA - The Composite Stock Price Index (JCI) is projected to weaken in today's trading, Friday, November 29. Phintraco Sekuritas in its research estimates the JCI will move in the resistance range of 7,250, pivot 7,200, and support 7,150.
Phintraco Sekuritas explained that the JCI moved according to expectations yesterday, continuing the pullback to the psychological level range of 7,200. Technically, the pullback is relatively reasonable given the overbought condition at Stochastic RSI.
"During his stay above 7,150, the JCI still maintains minor bullish reversal opportunities," wrote Phintraco Sekuritas.
Phintraco Sekuritas added that Wall Street is still on holiday, so the focus of the market will be on economic data from Europe. In particular, regarding the direction of monetary policy from high-ranking central banks in Europe tonight
"In addition, the market is watching German retail and unemployment sales data, as well as inflation in the Euro Area," explained Phintraco Sekuritas.
From the region, Japanese unemployment is estimated to increase by 10 bps mom to 2.5 percent in October 2024 and the realization of the consumer confidence index at 36.4 in November 2024. Both data indicate that Japan's economic condition is still under pressure.
BACA JUGA:
Domestically, Phintraco Sekuritas said the Pramono-Rano pair stated that 50.07 percent of the votes were not needed for the second round. This is based on C Result documents from all polling stations uploaded to the KPU website.
Phintraco Sekuritas recommends five shares for today, namely LSIP, ULTJ, SCMA, PTBA, and MAPA.
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 #golkar #OTT KPK #Pilkada Dki #online gamblingPopular
