JAKARTA - The Jakarta Composite Index (JCI) opened in the green zone on trading Tuesday, July 14. JCI opened higher by 0.08 percent or 3.84 points to the level of 5,068.28.
Opening trades, 59 stocks rose, 34 stocks fell, and 46 stocks remained stagnant. The trading volume was recorded at 50.62 million shares and was transacted for IDR 22 billion.
Binaartha Sekuritas analyst, M. Nafan Aji Gustama, said that technically, it indicates the potential for further strengthening in the JCI movement, so that the index has the opportunity to go to the resistance area.
"JCI is trying to maintain the first support level at 4,975, while the second support level is at 4,865 positions. Meanwhile, the first and second resistance levels are at 5,097 and 5,172 levels," Nafan said in his research.
Thus, Nafan explained, the estimation of further strengthening in the JCI rate today can be utilized by investors by accumulating the purchase of shares of PT AKR Corporindo Tbk (AKRA), PT Matahari Department Store Tbk (LPPF), PT Mitra Adiperkasa Tbk (MAPI), PT Mayora Indah Tbk (MYOR), and PT Telekomunikasi Indonesia (Persero) Tbk (TLKM).
A similar projection was conveyed by PT Reliance Sekuritas, Lanjar Nafi, who said that the JCI movement in today's trading would continue its upward trend.
"Technically, the JCI is currently trying to move on a positive track to continue the process of increasing. So, we estimate that JCI will bounce back with support-resistance of 5,042-5,240," explained Lanjar.
He further recommended stocks that investors can collect today, namely PT Adaro Energy Tbk (ADRO), PT Pakuwon Jati Tbk (PWON), PT Ramayana Lestari Sentosa Tbk (RALS), PT Telekomunikasi Indonesia (Persero) Tbk (TLKM). , and PT Wijaya Karya Tbk (WIKA).
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