JCI On Wednesday Opened In The Red Zone, This Is The Recommendation Of Stocks From Analysts

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (JCI) opened in the red zone on Thursday, November 19 trading. JCI opened lower by 0.21 percent or 11.80 points to the level of 5,545.72.

Opening trades, 38 stocks rose, 33 stocks fell, and 44 stocks remained stagnant. The trading volume was recorded at 134.03 million shares with a transaction value of IDR 140.68 billion.

JCI rate in today's trading attempts to maintain the upward trend, after yesterday being able to play in the green zone and closed up 0.5 percent to the level of 5,557.

According to PT Binaartha Parama Sekuritas analyst, Muhammad Nafan Aji Gusta Utama, so far the JCI support-resistance range is at the level of 5,520-5,638.

"On the other hand, it indicates the potential for further strengthening in the JCI movement, so that the index has the opportunity to go to the nearest resistance level," Nafan said in his research.

A similar estimate was conveyed by PT Reliance Sekuritas Indonesia Tbk (RELI) analyst, Lanjar Nafi Taulat Ibrahimsyah, who said that the JCI movement would continue its upward pattern, even though the magnitude of the strengthening began to be restrained.

Lanjar said the JCI was able to successfully test the 5,550 resistance. On the other hand, JCI has consolidated momentum in the overbought area.

"JCI will be restrained higher, with support-resistance at the level of 5,550-5,600," he said.

He further said that the strengthening trend of the JCI could be addressed by investors by looking at the shares of PT Tower Bersama Infrastructure Tbk (TBIG), PT Gudang Garam Tbk (GGRM), PT HM Sampoerna Tbk (HMSP), PT Kalbe Farma Tbk (KLBF), PT Sarana. Menara Nusantara Tbk (TOWR), and PT Unilever Indonesia Tbk (UNVR).