JCI Thursday Potentially Under Pressure, Check Out The Stock Options

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) in today's trading, Thursday, September 9, is expected to be under pressure again, after yesterday's closing down 1.41 percent to 6.026.

PT Reliance Sekuritas Indonesia Tbk (RELI) analyst, Lanjar Nafi Taulat Ibrahimsyah, said that the JCI was under pressure to breakout support for the 200-Day Moving Average at the level of 6.053.

"So the JCI has the potential to be depressed again, with support and resistance from 5.966 to 6.045", said Lanjar in his research.

Thus, Lanjar said, the potentially depressed IHSG rate could be utilized by investors by collecting shares of PT Barito Pacific Tbk (BRPT), PT AKR Corporindo Tbk (AKRA), PT Sarana Menara Nusantara Tbk (TOWR), PT Bank Rakyat Indonesia Tbk (BBRI), and PT Telekomunikasi Indonesia Tbk (TLKM).

A similar estimate was conveyed by an analyst at PT Indosurya Bersinar Sekuritas, William Suryawijaya, who said that the JCI movement was still under pressure. The JCI support-resistance range is at 5.969-6.202 levels.

"So far, the JCI movement pattern seems to feel at home in the consolidation phase. The potential for pressure can still be seen overshadowing the JCI movement for some time to come", said William.

He said fluctuations in commodity prices and the rupiah exchange rate had not yet affected the JCI movement pattern, given the slowing condition of the real sector.