JCI Will Be Depressed On Friday, These 3 Stocks Are Recommended

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to weaken at the end of the week, today, Friday, February 11, after yesterday it was closed in the red zone with parking at the level of 6,823.64 aka a decrease of 0.16 percent or 10.96 points.

Artha Sekuritas analyst Dennies Christopher Jordan said that the JCI closed lower in yesterday's trading even though Bank Indonesia kept interest rates low. According to Dennies, the weakening is still overshadowed by the significant increase in daily COVID-19 cases in the country.

As for today's trading, Dennis predicts the JCI will weaken. He explained that technically the candlestick, JCI formed a higher high and a higher low. However, the stochastic formed a deadcross indicating the strengthening trend is limited and potential for correction.

"Movement ahead of the weekend will lack sentiment from economic data. Investors are still watching the condition of the increase in COVID-19 cases in the country," said Dennies in his research.

Artha Sekuritas estimates that JCI will move with support at 6,800 and 6,777 and resistance at 6,860 and 6,897. A number of stocks to watch include PT Bumi Serpong Damai Tbk (BSDE), PT Media Nusantara Citra Tbk (MNCN), and PT Bank Central Asia Tbk (BBCA).