JCI On Monday Is Projected To Weaken Slightly, Consider Stock Recommendations From Analysts: Gudang Garam And Unilever Stocks Are Available

Illustration. (Photo: Pixabay)

JAKARTA - PT Indosurya Bersinar Sekuritas analyst, William Suryawijaya, said that the JCI movement in trading earlier this week, Monday, August 9, would be stuck in the consolidation phase. According to him, the support-resistance range of the JCI is at the level of 6,123-6,260.

"The development of the JCI movement pattern so far still shows conditions that are at home in a reasonable consolidation range. As long as the consolidation range has not been successfully shifted to a better direction, the opportunity for weakening is still wide open," William said in his research.

William said that the uncertain condition of the domestic economy still overshadowed the movement of the JCI.

"So, the range of JCI movements will still be in the consolidation phase for some time to come," he said.

As a result, he said, the condition of the JCI, which is still in the consolidation phase, could be addressed by investors by accumulating the purchase of shares of PT Astra International Tbk (ASII), PT Indofood CBP Sukses Makmur Tbk (ICBP), PT Gudang Garam Tbk (GGRM), PT AKR Corporindo Tbk. (AKRA), PT Unilever Indonesia Tbk (UNVR), and PT Pakuwon Jati Tbk (PWON).

Meanwhile, analyst of PT Reliance Sekuritas Indonesia Tbk (RELI), Lanjar Nafi Taulat Ibrahimsyah, technically the JCI movement has formed a bearish meeting line candlestick pattern, with the potential for a short-term correction.

"The Stochastic and RSI indicators have a saturation direction in the overbought area. While the MACD indicator is approaching overvalue with a negative histogram divergence," said Lanjar.