JCI Thursday Is Projected To Strengthen Again, Five Shares Are Recommended By Analysts

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) is projected to strengthen again in today's trading, Thursday, October 16, after closing down 0.19 percent yesterday or cut 15.34 points to 8,051.17.

Phintraco Sekuritas in his research said the JCI closed lower with shares in the technology sector recording the largest weakening. Meanwhile, the stock of the infrastructure sector posted the biggest increase.

Corrections to large-capacity stocks that have been the support for strengthening the index are also still ongoing.

Phintraco Sekuritas saw, technically, there was a widening of the MACD negative slope. The RSI stochastic indicator is moving in the pivot area. The JCI yesterday was still below the MA5 and MA20 levels, although the JCI was still able to close above the psychological level of 8,000.

Thus, the JCI still has the potential to test the level of 8,000. There is a gap down at the level of 7,855 which has the potential to be closed first if there is a further correction to the JCI.

"However, as long as the JCI is still able to close above the 8,000 level, there is still a chance that there will be a rebound," explained Phintraco Sekuritas.

Phintraco Sekuritas projects that the JCI will move in the support area of 7,855 and resistance at 8,150, with 8,100 in today's trading, Thursday, October 16.

The stocks recommended by Phintraco Sekuritas today are EMTK, TLKM, ACES, ANTM, and MBMA.