The JCI Is Likely To Be Green This Weekend, Check Out The Stock Recommendations

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to be able to move into the green zone in today's trading Friday, February 18 after closing yesterday at 6.835.11 or down 0.22 percent.

Artha Sekuritas analyst Dennies Christopher Jordan said the JCI closed lower yesterday after two days of significant gains due to profit-taking in which investors are still closely watching the developments of Russia-Ukraine tensions.

JCI is predicted to strengthen in tomorrow's trading. Technically, the candlestick forming a doji stays above the upper support of the Bollinger band, indicating that there is still a chance for a strengthening but with a limited range.

"There will be minimal domestic sentiment. Global investors will pay close attention to US jobless claims data and the development of Russia-Ukraine tensions," said Dennies in his research.

Furthermore, Dennies estimates that the JCI will move at support levels of 6.759 and 6.797 and resistance at 6.866 and 6.897 on Friday. The stocks that Dennies recommends for trading today are PT Ciputra Development Tbk (CTRA), PT Media Nusantara Citra Tbk (MNCN), and PT Astra International Tbk (ASII).