Tuesday's IHSG Is Still Predicted In 5.900, Analysts Recommend The Company Share Of Conglomerate Anthony Salim And Kiki Barki

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (IHSG) in today's trading is estimated to be corrected again, after closing down 0.86 percent yesterday to the level of 5,964.

PT Binaartha Sekuritas analyst Muhammad Nafan Aji Gusta Utama said that technically, the MACD indicator has formed a golden cross pattern in the negative area, while Stochastic and RSI are moving downwards in the neutral area. JCI has a support-resistance range at the level of 5,940-6,027.

"On the other hand, there is a downward bar pattern which indicates a potential for further correction in the JCI movement, so that the index has the opportunity to go to a support level," Nafan said in his research, as quoted on Tuesday, April 27.

Thus, he said, the forecast for further weakening in the JCI rate today could be utilized by investors by accumulating purchases of BBTN, BWPT, EXCL, ICBP, IMAS, and INDF shares.

IDX building. (Angga Nugraha/VOI)

A similar projection was conveyed by PT Reliance Sekuritas Indonesia Tbk (RELI) analyst, Lanjar Nafi Taulat Ibrahimsyah, who said that the JCI movement in today's trading would be under pressure again.

Technically, according to Lanjar, yesterday the JCI failed to confirm the rebound pattern, after the 5-Day Moving Average (MA5) and MA20 pulled back were seen, as well as experiencing a support level breakout.

He said that currently, the Stochastic indicator is entering the oversold area, with a negative MACD movement even though it is in an undervalued condition.

"So, JCI has the potential to move under pressure again, with support resistance at the level of 5,926-5,991," said Lanjar.

So, in the midst of the potential for further weakening of the JCI in today's trading, Lanjar offered a number of shares that market players could play, namely ADHI, ADRO, ANTM, HRUM, INCO, PTPP, SCMA, SRIL, UNVR, WIKA, WSKT, and WTON.