The JCI Is Predicted Today To Strengthen Limited Ahead Of The Fed's Announcement

JALARTA - The Jakarta Composite Index (JCI) is predicted to strengthen again in today's trading, Wednesday 15 June, after parking at 7.049.88 yesterday or up 0.77 percent.

Throughout today's trading, the JCI moved in the range of 6.932.71 - 7.049.88. Artha Sekuritas analyst Dennies Christopher Jordan explained, the JCI closed higher supported by bargain hunting after yesterday's weakening was considered to have entered the oversold area in the short term.

"The movement is minimal in sentiment from economic data but is supported by the dividend distribution season," said Dennies in regards to his research.

Dennis predicts the JCI will strengthen again in tomorrow's trading. Technically, the candlestick formed a higher high and a higher low with a narrowing stochastic indicating a potential rebound.

However, the strengthening is expected to be temporary due to global inflationary pressures and the Fed's policy rate decision.

Furthermore, Dennies estimates that JCI will move at support levels of 6.893 and 6.971 as well as resistance at 7.088 and 7.127. The stocks that Dennies recommends for trading tomorrow are PT Blue Bird Tbk (BIRD), Mitra Keluarga Karya Sehat Tbk (MIKA) Hospital, and PT Owner Bersama Infrastructure Tbk (TBIG).