JAKARTA - The Composite Stock Price Index (JCI) is predicted to rise again in today's trading, Tuesday, July 1. Phintraco Sekuritas in his research said the JCI is expected to move in the resistance range of 7,000, pivot 6,950, and support 6,800.
Phintraco Sekuritas explained that the JCI closed higher at the level of 6,927.6 (+0.43 percent) on Monday. The positive factors that encourage the strengthening of the JCI include strengthening the global stock exchange index, window dressing sentiment at the end of the second quarter, positive news individual stocks, easing geopolitical tensions.
"In addition, there is hope for an easing of monetary policy from the central bank," wrote Phintraco Sekuritas.
Phintraco Sekuritas added that the Government announced a phase I deregulation package, which includes relaxation of import regulations and ease of doing business in the trade sector. One of the goals of this deregulation is to improve the ranking of ease of business in Indonesia.
From domestic, investors will look forward to the trade balance data for May 2025, which is estimated to be a surplus of 2.53 billion US dollars from 0.15 billion US dollars in April 2025. In addition, inflation data for June 2025 will be released which is estimated at 1.83 percent YoY from 1.6 percent YoY in May 2025. For core inflation, it is estimated that it is 2.44 percent YoY from 2.4 percent YoY in May 2025.
Technically, Phintraco Sekuritas said the JCI movement today moved from a lower band to a middle band, indicating there was potential recovery from previous selling pressures.
"The stochastic RSI has a reversal upward from the oversold area," he explained.
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Meanwhile, Phintraco Sekuritas said the MACD was still showing a downward trend, but the histogram began to shrink and the MACD line approached the signal line, approaching a potential golden cross.
"Thus, the JCI today is estimated to have the opportunity to test the level of 6,950-7,000," explained Phintraco Sekuritas.
The stocks recommended by Phintraco Sekuritas recommend today, namely INDY, INCO, ERAA, PGEO, and ANTM.
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