JCI Tuesday Has A Chance To Weaker, Check Out Stock Recommendations: There Are BNI, WIKA, To Lippo Karawaci

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) in today's trading Tuesday, September 28, has the potential to weaken to a limited extent, after yesterday turning to the red zone with a 0.36 percent decline to 6,122.

According to PT Pilarmas Investindo Sekuritas analyst Maximilianus Nico Demus, investors are advised to pay close attention to sentiment related to the moratorium on palm oil licensing, because this factor will greatly affect stock price movements related to the palm oil sector.

"Based on technical analysis, we see that the JCI currently has a limited opportunity to move lower and is traded at the level of 6,083-6,171," said Nico Demus, in his research.

He further said that so far Pilarmas Sekuritas advised investors to pay close attention to the shares of PT Astra International Tbk (ASII), PT Bank Negara Indonesia Tbk, and PT MNC Vision Networks Tbk (IPTV).

Meanwhile, according to PT Samuel Sekuritas Indonesia analyst William Mamudi, the JCI position, which closed at 6,122 yesterday, will test the target resistance. Therefore, investors are advised to anticipate a movement in the range of 6,030-6,160.

"For today, technical analysts like PT Wijaya Karya Tbk (WIKA) shares, PT Elnusa Tbk (ELSA), PT Lippo Karawaci Tbk (LPKR) with a trading buy rating. Meanwhile, ESSA shares with a sell trading rating," said William.