JCI Monday Will Touch The Highest Record?

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to continue its all-time high rally in today's trading Monday, February 21 after closing last week at 6,892.81 or up 0.84 percent.

Artha Sekuritas analyst Dennies Christopher Jordan said the JCI closed higher last week ignoring the weakening of global stock markets which fell due to concerns that tensions between Russia and Ukraine were heating up. Meanwhile, he said, the JCI is predicted to strengthen in today's trading.

"Technically, the candlestick formed a higher high and a higher low with the stochastic forming a golden cross indicating that there is still potential for strengthening. Investors will still be watching the development of tensions between Russia and Ukraine," said Dennis in his research.

On the other hand, continued Dennies, domestic sentiment will be minimal at the beginning of the week. Furthermore, Dennies estimates that the JCI will move at support levels of 6,780 and 6,836 and resistance at 6,923 and 6,954.

The stocks that Dennies recommends for trading tomorrow are PT CTRA Ciputra Development Tbk (CTRA), PT Media Nusantara Citra Tbk (MNCN), and PT Astra International Tbk (ASII).