JAKARTA - The Composite Stock Price Index (JCI) is projected to move fluctuat on today's trading, Monday, December 29, after closing down 0.55 percent or down 46.87 points to 8,537.91 on Wednesday, December 24 or before the Christmas holiday.
Capital market practitioners and WH-Project Founder, William Hartanto, assessed that the weakening occurred after the JCI closed the gap at 8,554 and continued to move downwards, reflecting selling pressure towards the end of the year.
"Technically, the JCI is currently potentially entering a bearish phase, although the opportunity for mixed movement is still open. The JCI has a gap in the 8,554 area which has been closed and then broken down. At this position, the JCI has the potential to be bearish, but at the first breakout there will usually be a retest phase," said William in his research.
According to him, the movement of the JCI at the beginning of the week has the potential to re-test whether the index is able to return to the gap area or continue to weaken.
"Today's movement has the potential to be mixed to test whether the JCI is able to move back into the gap area or not," he added.
Even though the pressure is still felt, William assessed that the opportunity for a very short-term recovery remains open if the JCI is able to strengthen back to the gap area.
"If there is a further strengthening to the gap area, then in the last two days of 2025, the JCI still has the opportunity to form an all-time high in early 2026," he said.
Considering the technical conditions, William projected the JCI on Monday trading would move in the range of 8,500 to 8,604.
For trading strategies, he recommends a number of stocks, namely ASII, HRTA, EMAS, and MARK.
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