JAKARTA - The Composite Stock Price Index (JCI) is predicted to move in the support area of 8,850-8,900 and resistance at 8,970-9,000 on today's trading, Thursday, January 8, after yesterday strengthened 0.13 percent to 8,944.8.
Phintraco Sekuritas explained that the risk of geopolitical uncertainty had increased again due to President Trump's threat to acquire Greenland. Technically, the positive histogram of MACD continues to strengthen. However, the momentum of buying began to weaken and the Stochastic RSI was in the overbought area.
"So it needs to be aware of the potential for profit taking, especially if global geopolitical tensions turn hot. The JCI is expected to move in the support area of 8,850-8,900 and resistance at 8,970-9,000," wrote Phintraco Sekuritas.
According to Phintraco Sekuritas, the government will cut the mineral and coal production targets listed in the RKAB in 2026.
This is done as an effort to control the balance of supply and demand so that it is expected to recover the price of minerals and coal which decreased last year due to excess supply. This policy is expected to have a positive impact on related stocks. Share Discount
Meanwhile, President Prabowo announced the success of Indonesia in achieving rice self-sufficiency within one year on Wednesday, January 7 and plans to realize self-sufficiency for other food commodities in a row every year. This is in line with the food security program which is one of the priorities of the Prabowo government.
Investors will look forward to Indonesia's December 2025 foreign exchange reserves data on Thursday. Meanwhile, from Japan, data on consumer confidence in December is expected to improve at the level of 38.1 from 37.5 in November 2025. Investor Daily Premium
Then, from the Euro area, a number of economic data are scheduled to be released today such as economic sentiment, unemployment rate and consumer confidence.
The stocks recommended by Phintraco Sekuritas today include AADI, ADRO, JSMR, BUKA and PGEO.
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