JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to strengthen for tomorrow's trading, today Tuesday, March 15, after yesterday's slight increase of 0.43 percent or 29.60 points so that it parked at the level of 6.952.20.
Artha Sekuritas analyst Dennies Christopher said the JCI closed higher in yesterday's trading even though global stock markets closed lower.
He stated that the movement of the capital market today is still overshadowed by high inflation and the increase in US bond yields after the war in Russia-Ukraine. Dennies also said that today's commodity prices are slightly corrected, although they are still in an upward trend.
As for today's trading, Dennis predicts the JCI will strengthen. He explained that technically the candlestick, JCI formed a higher high and a higher low accompanied by an increase in volume with a widening stochastic after forming a golden cross.
VOIR éGALEMENT:
"The JCI movement is still overshadowed by high commodity prices. On the other hand, investors will be more conservative ahead of setting interest rates in the middle of the week," said Dennies in his research.
Artha Sekuritas estimates that the JCI will move with support at 6.923 and 6.895 and resistance at 6.974 and 6.997. As for a number of stocks that can be observed today, among others, PT PP (Persero) Tbk (PTPP), PT Media Nusantara Citra Tbk (MNCN), and PT Ciputra Development Tbk (CTRA).
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