JCI Tuesday Projected To Stay In The Green Zone, Analysts Recommended BTN And PGN Shares

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) in today's trading Tuesday, September 7, is expected to try again to maintain its position in the green zone, after yesterday's slight gain of 0.02 points to the level of 6,126.

According to analyst of PT Reliance Sekuritas Indonesia Tbk (RELI), Lanjar Nafi Taulat Ibrahimsyah, although yesterday the JCI was able to stay in positive territory, its movement formed a consolidated bearish candle pattern.

However, Lanjar continued, the JCI's position could still hold on to remain in the short-term positive trend and try to confirm the breakout of the resistance at the level of 6,169.

"So, technically, the JCI has the potential to try to move higher again, with a support-resistance range at 6,102-6,169," Lanjar said in his research.

Thus, he explained, the movement of the JCI which will seek to maintain its position in the positive territory can be responded to by investors by collecting shares of PT Ace Hardware Indonesia Tbk (ACES), PT AKR Corporindo Tbk (AKRA), PT Lippo Karawaci Tbk (LPKR), PT Chandra Asri Petrochemical Tbk (TPIA), PT Bank Tabungan Negara Tbk (BBTN), and PT Perusahaan Gas Negara Tbk (PGAS).

A similar estimate was conveyed by an analyst at PT Indosurya Bersinar Sekuritas, William Suryawijaya, who said that the JCI movement in day trading has the potential to strengthen in a limited way. The support-resistance range is at 5,969-6,202 levels.

"The JCI movement pattern still seems to have considerable upward strength, if it can be maintained above the nearest resistance level to strengthen its short-term uptrend pattern," said William.

Meanwhile, the announcement of foreign exchange reserves in August 2021 will be a positive sentiment for the JCI, because the amount is projected to remain under control.