JAKARTA - The Composite Stock Price Index (JCI) opened in the green zone on our October 15 trade. JCI opened higher by 0.07 percent or 3.83 points to 5,179.92 levels.
Opening the trade, 42 stocks rose, 28 stocks fell, and 35 stocks remained unchanged. The trading volume was recorded at 91.49 million shares with a transaction value of IDR 94.41 billion.
The movement of the Jakarta Composite Index (JCI) today will try to maintain its position in the green zone to continue the upward trend towards the closest resistance target at the level of 5,233.
"Technically, it indicates the potential for further strengthening in the JCI movement, so that the index has the opportunity to go to the resistance level," said Binaartha Sekuritas analyst M. Nafan Aji Gusta Utama in his research.
According to him, the JCI is trying to stay above the support level of 5.097, while the closest resistance target that is trying to reach is at the position of 5,233.
Meanwhile, an analyst at PT Reliance Sekuritas Indonesia Tbk (RELI), Lanjar Nafi Taulat Ibrahimsyah, estimates that the JCI will experience a limited increase, after yesterday succeeded in continuing the strengthening trend.
"Technically, we estimate that JCI will move limitedly to test the support-resistance range at the level of 5,133-5,198," said Lanjar.
He further emphasized that the JCI movement which tended to strengthen limitedly could be addressed by investors by accumulating the purchase of shares of PT Adaro Energy Tbk (ADRO), PT AKR Corporindo Tbk (AKRA), PT Medco Energy Tbk (MEDC), PT Barito Pacific Tbk (BRPT). , PT Matahari Department Store (LPPF), and PT Mayora Indah Tbk (MYOR).
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