JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to continue its strengthening today, Tuesday, August 9, after closing up 0.03 percent yesterday at 7,086.84.
Artha Sekuritas analyst Dennies Christopher Jordan in his research explained that the JCI closed slightly higher after weakening throughout the day.
"The movement was driven by the report release season in the first semester of 2022, where most issuers recorded good growth," said Dennies in his research.
In addition, he continued, several issuers have also decided to distribute dividends in the near future. Dennis predicts JCI will strengthen today.
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"Technically, the candlestick formed a higher high and a higher low indicating a potential strengthening," he explained.
According to him, the JCI movement will also be driven by the release of issuers' performance reports in the first semester of 2022. In addition, investors will pay close attention to the release of retail sales data.
Furthermore, Dennies estimates that the JCI will move at support levels of 7,028 and 7,057 and resistance at 7,107 and 7,128. Some of the stocks that Dennies recommends for today's trading are PT PP (Persero) Tbk. (PTPP), PT Mitra Keluarga Karya Sehat Tbk (MIKA), and PT Sarana Menara Nusantara Tbk (TOWR).
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