JAKARTA - The Jakarta Composite Index (JCI) is projected to be positive today, Tuesday, October 7, after parking in the green zone yesterday with 21.59 points higher or 0.27 percent to 8,139.
VP Equity Retail Analyst Kiwoom Sekuritas, Oktavianus Audi estimates that today's JCI will fluctuate and tend to strengthen within a limited range of support levels of 8,075 and resistance 8,210 with MACD indicators that will still show a sloping trend.
Audi assessed that the sentiment that will accompany the JCI movement today came from anticipating the market for the release of Indonesia's foreign exchange reserves data as of September 2025 which is estimated to have risen to US$159 billion.
"This will tend to be responded to positively by the market in line with the increasing export activity," said Audi.
In addition, the increase in gold prices which continues to record a new all-time high will encourage producer issuers or those related to domestic gold commodities to continue to increase so that they contribute to the JCI rate.
Meanwhile, according to Phintraco Sekuritas, the JCI technically the Stochastic RSI indicator formed a golden cross and the MACD negative histogram seemed narrow.
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"So the JCI is expected to move consolidation in the support range 8,080 and resistance 8,180," explained Phintraco Sekuritas.
The stocks selected by Phintraco Sekuritas today are PT Barito Renewables Energy Tbk (BREN), PT TBS Energi Utama Tbk (TOBA), PT Archi Indonesia Tbk (ARCI), PT J Resources Asia Pacific Tbk (PSAB), and PT Ciputra Development Tbk (CTRA).
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