JAKARTA - The Jakarta Composite Index (JCI) opened in the green zone on Wednesday, August 19 trading. Based on VOI monitoring, the JCI moved up 0.22 percent or 11.43 points to the level of 5,306.60.
Reliance Sekuritas Indonesia analyst Lanjar Nafi projects that the index will move in the green zone awaiting the release of the latest Bank Indonesia (BI) benchmark interest rate data. JCI has the potential to move with support and resistance at 5,240 to 5,400.
"Technically, JCI continues to strengthen and its positive trend is approaching the resistance area," said Lanjar.
The recommended shares are PT Aneka Tambang Tbk (ANTM), PT Sarana Menara Nusantara Tbk (TOWR), and PT Ace Hardware Tbk (ACES), PT Lippo Cikarang Tbk (LPCK). PT Charoen Pokphand Indonesia Tbk (CPIN), and PT Barito Pacific Tbk (BRPT).
Likewise, Binaartha Sekuritas analyst M. Nafan Aji Gusta Utama predicts the index will rise to the level of 5,233 to 5,380.
"This indicates a bullish continuation potential so that it has the opportunity to go to the nearest resistance," Nafan said.
According to him, big players appreciated the government's commitment in providing stimulus. This can help the economy recover during a pandemic.
Investors can look at several stocks, such as PT Ace Hardware Tbk (ACES), PT Mitra Keluarga Tbk (MIKA), PT London Sumatra Tbk (LSIP), PT Jasa Marga Tbk (JSMR), PT Wijaya Karya Beton Tbk (WTON), and PT Media Nusantara Citra Tbk (MNCN).
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