JCI Predicted To Strengthen Tuesday, Check Out Stock Recommendations From Artha Sekuritas

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to strengthen in today's trading, Tuesday, July 19 after yesterday's slight increase of 0.11 percent or 7.35 points so that it parked at the level of 6,659.25.

Artha Sekuritas analyst Dennies Christopher said the JCI closed higher yesterday with a limited range after fluctuating in early trading. According to him, the movement of the JCI is still minimal in sentiment at the beginning of this week.

Therefore, said Dennis, investors tend to wait and see waiting for the interest rate policy in the middle of the week. As for today's trading, Dennis predicts the JCI will continue to strengthen.

"Technically, the JCI candlestick formed a doji with lower highs and lower lows and the MACD is still in a distribution trend indicating potential for weakness but in a limited range. Movements are still minimal in sentiment, on the other hand, investors tend to wait and see waiting for BI's interest rate policy," he wrote in his daily research.

For today's trading, Artha Sekuritas estimates JCI will move with support at 6,612 and 6,566 and resistance at 6,703 and 6,748. The stocks that can be observed for trading today include PT Dharma Satya Nusantara Tbk (DSNG), PT Sarana Menara Nusantara Tbk (TOWR(, and PT XL Axiata Tbk (EXCL).