JCI Tuesday Will Continue To Weaken, See Stock Recommendations
Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) continued its weakening in today's trading, Tuesday, January 25 after yesterday closing trading in negative territory, aka down 1.05 percent or 71.2 points, so that it parked at the level of 6,655.16.

Artha Sekuritas analyst Dennies Christopher Jordan said the JCI closed lower yesterday after investors took profit-taking after experiencing a significant gain.

Dennies continued, the weakening of the JCI was in line with the weakening of stock markets in America and Europe at the end of last week.

"From within the country, investors are starting to pay attention to the increase in COVID-19 cases," said Dennies in his research.

As for tomorrow's trading, Dennis predicts the JCI will continue to weaken. He explained, technically the candlestick formed a bearish harami with a dead cross stochastic indicating potential weakness and potentially weakening to the nearest MA50 resistance.

"Domestic investors will pay close attention to FDI data. In addition, the increase in COVID-19 cases is also starting to become a concern," he said.

For today's trading, Artha Sekuritas estimates the JCI will move with support at 6,629 and 6,603, as well as resistance at 6,696 and 6,737. As for a number of stocks that can be observed PT PT Pakuwon Jati Tbk (PWON, PT Wijaya Karya Gedung Tbk (WEGE) and PT Media Nusantara Citra Tbk (MNCN)


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