JCI Projected To Strengthen Again, Check Out Stock Options: There Are Issuers Owned By Conglomerates Eka Tjipta Widjaja And Kiki Barki

Illustration. (Photo: Unsplash)

JAKARTA - The movement of the Composite Stock Price Index (JCI) in today's trading Tuesday, August 24, has the opportunity to continue the short-term upward trend, after yesterday ending in the green zone with a 1.31 percent strengthening to the level of 6,109.

According to PT Reliance Sekuritas Indonesia Tbk (RELI) analyst, Lanjar Nafi Taulat Ibrahimsyah, the JCI movement technically signals a post-consolidated bullish momentum that is approaching the oversold area.

"The next movement of the JCI will try to stay above the 6,100 level as a confirmation point of the strengthening trend. So that the JCI has the potential to strengthen, with a support-resistance range at the level of 6,093-6,176," said Lanjar in his research.

Thus, Lanjar continued, the potential for further strengthening in the JCI rate today could be utilized by investors by collecting shares of PT Aneka Tambang Tbk (ANTM), PT Alam Sutera Realty Tbk (ASRI), property company owned by conglomerate Eka Tjipta Widjaja PT Bumi Serpong Damai Tbk. (BSDE), Kiki Barki's coal company PT Harum Energy Tbk (HRUM), PT Lippo Karawaci Tbk (LPKR), and PT Waskita Karya Tbk (WSKT).

A similar estimate was conveyed by PT Indosurya Bersinar Sekuritas analyst, William Suryawijaya, who stated that the JCI movement today will experience a limited strengthening. The support-resistance range is at the level of 5,872-6,123.

"The development of the JCI movement pattern seems to be trying to rise and get out of the range of reasonable consolidation. If the nearest resistance level is successfully broken, the JCI still has the potential to experience a short-term increase in the future," said William.

However, William explained, the lack of positive sentiment that could push the JCI up was due to the economic slowdown.

"Today the JCI has limited potential to move higher," he said.