JAKARTA - The Composite Stock Price Index (JCI) has the opportunity to consolidate in today's trading, Wednesday, July 15, after yesterday strengthened by 1.68 points (0.03 percent) to the level of 6,039.5.
Phintraco Sekuritas in its research said, the sentiment from the global, where the market will look forward to the release of June 2026 PPI data in the US which is expected to decline to 6.2 percent YoY from 6.5 percent YoY in May 2026, along with the normalization of global oil prices in that month.
However, the escalating US-Iran conflict that has again increased has caused global oil prices to record a strengthening that has the potential to increase production cost pressures in the coming period. This condition is feared to limit the decline in inflation.
Phintraco Sekuritas explained, from a technical perspective, the formation of a positive MACD histogram is still continuing, while the stochastic RSI indicator is in the overbought area.
"So the JCI has the opportunity to consolidate in the range of 5,950-6,125 levels on Wednesday's trading," wrote Phintraco Sekuritas.
Meanwhile, MNC Sekuritas explained that the JCI has the opportunity to strengthen the test level of 6,137-6,254, and watch the nearest correction area which is estimated to be at 5,974-6,020.
MNC Sekuritas recommends four stocks for trading today, namely CDIA, RAJA, SMDR, and WIFI.
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