JAKARTA - The Composite Stock Price Index (JCI) is prone to correction in today's trading, Tuesday, July 15. Phintraco Sekuritas in its research estimates that the JCI today will move in the resistance range of 7,150, pivot 7,100, and support 7,050.
Phintraco Sekuritas explained that the JCI closed higher at the level of 7,097.15 (0.71 percent) on Monday, which was mainly triggered by positive sentiment from the issuer's individual news.
Technically, Phintraco Sekuritas said, the JCI had broken out of MA200 around the level of 7,082. However, the RSI's Stochastic indicator is in the overbought area and is supported by an increase in the selling volume.
Meski demikian indicator MACD masih menunjukkan momentum positif. Dengan demikian, JCI hari ini diperkirakan berpotensi pullback jangka pendek untuk menutup gap di sekitar level 7,055, tulis Phintraco Sekuritas.
Phintraco Sekuritas said investors were looking forward to China's 2Q25 economic growth data which is expected to grow by 5.1 percent YoY from 5.4 percent YoY in the first quarter of 2025. Retail sales in June are estimated to grow 5.6 percent YoY from 6.4 percent YoY in May 2025.
For industrial production data in June 2025, it is estimated that it will slow down to 5.6 percent YoY from 5.8 percent YoY in May 2025.
From the US, Phintraco Sekuritas said, today investors are looking forward to CPI data in June 2025 which is expected to increase to 2.7 percent YoY from 2.4 percent YoY in May 2025. For the core CPI in June 2025, it is estimated that it will increase to 3 percent YoY from 2.8 percent YoY in May 2025.
Domestically, Phintraco Sekuritas explained, investors are still waiting for further negotiations between the government and the US, which are expected to reach an agreement before the August 1, 2025 deadline.
Phintraco Sekuritas added that investors are looking forward to Bank Indonesia's RDG on Tuesday-Wednesday this week, which according to consensus will reduce the BI Rate by 25 bps to 5.25 percent.
"The market is also looking forward to the second quarter of 2025 financial reporting season which will begin in the middle of this month," added Phintraco Sekuritas.
The stocks recommended by Phintraco Sekuritas today are AKRA, LSIP, ENRG, HRTA and JPFA.
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