JAKARTA - The movement of the Composite Stock Price Index (JCI) is expected to strengthen again for today's trading, Wednesday, July 20, after yesterday it rose 1.15 percent or 76.84 points so that it parked at the level of 6,736.09.
Artha Sekuritas analyst Dennies Christopher said the JCI closed higher yesterday, driven by the strengthening of commodity prices, which mainly boosted shares in the mining sector.
In addition, Dennis said there are indications that the Fed this month will not raise interest rates significantly. As for today's trading, Dennis predicts the JCI will continue to strengthen.
He explained technically the candlestick, JCI formed a doji with a lower high and a lower low with high volume and the stochastic indicator formed a golden cross indicating potential strengthening.
"Movements will tend to be limited because investors will tend to wait and see waiting for BI's interest rate policy," said Dennies in his daily research.
As for today's trading, Dennies estimates that JCI will move with support at 6,661 and 6,586 and resistance at 6,775 and 6,814. And the stocks that he recommends include PT Dharma Satya Nusantara Tbk (DSNG), PT Media Nusantara Citra Tbk (MNCN), and PT XL Axiata Tbk (EXCL).
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