JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to continue its weakening in today's trading, Friday, June 10, after yesterday the JCI parked at 7,182.83, or weakened 0.14 percent.
Artha Sekuritas analyst Dennies Christopher Jordan explained that the JCI closed lower yesterday due to profit taking with a limited range of movement. On the other hand, there was concern from the US after treasury yields jumped above 3 percent.
"Nevertheless, domestic sentiment is still supported by the release of issuers' performance in the first quarter of 2022 and the distribution of dividends," Dennies said in a statement, Friday, June 10.
see_also]
- https://voi.id/ekonomi/156520/ihsg-hari-ini-diprediction-melemah-investor-cermati-perkembangan-policy-the-fed
- https://voi.id/economy/156029/ihsg-senin-berpeluang-menguat-ini-deretan-saham-yang-recommended
- https://voi.id/economy/157016/ihsg-hari-ini-berpotensi-menguat-tercepat-saham-bca-indofood-to-ciputra-recommended
[/see_also]
Dennis predicts the JCI will weaken in today's trading. Technically, the formation of a doji with the stochastic forming a deadcross in the overbought area indicates the range is limited and potential for correction. The weakness is expected to be temporary.
Furthermore, Dennies estimates that the JCI will move at support levels of 7,050 and 7,116 and resistance at 7,234 and 7,286. The stocks that Dennies recommends for trading today are PT HM Sampoerna Tbk (HMSP), PT PP Tbk (PTPP), and PT Bank Mandiri Tbk (BMRI).
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