JAKARTA - The Composite Stock Price Index (JCI) is projected to continue strengthening in today's trading, Thursday, December 5. JCI is expected to move in the resistance range of 7,375, pivot 7,350, and support 7,325 today.
Phintraco Sekuritas in his research explained that the JCI today has the opportunity to continue its bullish reversal. Technically, MACD formed a positive slope widening along with last Wednesday's strengthening.
"The JCI's closest resistance today is in the range of 7,375-7,400 which has the potential to be tested," wrote Phintraco Sekuritas.
Phintraco Sekuritas added that the continued rebound of big cap bank shares is expected to continue and become the IHSG moder today. This condition is considered to be influenced by the increase in idle money after the end of the AADI public offering period on December 3, 2024.
According to Phintraco Sekuritas, the shares of blue chips that become the main JCI seem to be the target of buy on wealth for market participants.
"Meski demikian, tanggal pencatatan AADI pada hari ini diperkirakan kembali menabsorbsi likuiditas pasar, khususnya di awal perdagangan," papar Phintraco Sekuritas.
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From economic data, Phintraco Sekuritas said, the market anticipates US and European employment data which is scheduled to be released today 5. These data are believed to have an impact on the policy of the Fed and ECB benchmark interest rates.
Phintraco Sekuritas recommends six selected stocks for today, namely ANTM, ACES, MEDC, AMRT, ELSA, and BRIS.
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