JAKARTA - The Jakarta Composite Index (IHSG) opened in the green zone on trading Wednesday, September 16. JCI opened higher by 0.23 percent or 11.94 percent to 5,112.80.
Opening the trade, 58 stocks rose, 29 stocks fell, and 72 stocks were stagnant. The trading volume was recorded at 60.97 million shares and was transacted for Rp55.14 billion.
Binaartha Sekuritas analyst, M. Nafan Aji Gusta Utama said, the JCI movement in today's trading is expected to turn towards the closest resistance target at the level of 5,233, after yesterday's correction was quite deep by 1.18 percent to 5,100.
"JCI is trying to maintain the closest support level at 4,975, while the resistance target to be reached is at 5,233," Nafan said in his research.
He further stated that the potential for a technical rebound in the JCI could be exploited by investors by accumulating the purchase of shares of PT Erajaya Swasembada Tbk (ERAA), PT XL Axiata (EXCL), PT Gudang Garam Tbk (GGRM), and PT Indosat Tbk (ISAT). .
Reliance Sekuritas analyst Lanjar Nafi said a similar estimate. He said, technically, the JCI movement in today's trading still has the potential to continue strengthening, with support-resistance at the level of 5020-5.150.
Lanjar said, technically, JCI still has room to continue the upward pattern. The stocks that Lanjar recommends are PT Bank Tabungan Negara (Persero) Tbk (BBTN), PT Bank Danamon Tbk (BDMN), PT Medco Energy Tbk (MEDC), PT Perusahaan Gas Negara (Persero) Tbk (PGAS), and PT PP (Persero) Tbk (PTPP).
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