JAKARTA - The Composite Stock Price Index (JCI) is projected to move in the crucial level range of 6,550 trading today, Wednesday 26 February. Phintraco Sekuritas in his research estimates the JCI will move in the resistance range of 6,900, pivot 6,700, and support of 6,550.
Phintraco Sekuritas explained, the JCI again tested critical support level on the previous bearish trend at 6,550 on Tuesday. RSI's Stochastic is again entering the oversold area.
Thus, Phintraco Sekuritas reminded, again be aware of the potential loss of momentum if the JCI breaks down by 6,550 today.
"On the other hand, today's JCI has the opportunity to form a minor double bottom, if it persists above 6,550," wrote Phintraco Sekuritas.
Domestically, Phintraco Sekuritas said, issues related to the establishment of the Danantara were still being responded to by various market participants in general.
Markets are still influenced by negative issues that develop regarding the management and performance of the Sovereign Wealth Fund (SWF) in several neighboring countries, explained Phintraco Sekuritas.
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From external means, the planned implementation of tariff packages by the United States (US) and the anticipation of FOMC results on March 18-19, 2025, will be the main focus of market players.
The stocks recommended by Phintraco Sekuritas today are ESSA, PWON, SSIA, ERAA, and JPFA.
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