JCI Menjujuan Melaju Ke Level 7,200-an

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to have the opportunity to test resistance at the level of 7,232 in today's trading Monday, September 5. Analyst from Bina Artha Sekuritas Ivan Rosanova said the potential increase in the JCI is predicted to reach the level of 7,232 due to a 0.34 percent strengthening at the level of 7,177.17 at the close of trading last Friday. However, in the short term the JCI is said to have weakened to 7,060 as long as it was closed below the 7.200 level. The JCI support levels were at 7,060, 7,015 and 6,974, while the resistance levels were at 7,232, 7,258 and 7,308. Based on the Moving Average Administration (MACD) indicator, the JCI's position is still in a downward or bearish momentum. The recommended shares for purchase are ANTM, ASII, BBNI, HRUM, and INDF. The research team MNC Sekuritas stated that the JCI moved up 0.3 percent to the level of 7,177 and was still above the MA20. "We estimate that as long as the JCI is unable to break from 7,230 as the resistance, the JCI position is at the beginning of the wave iii from the wave [d] on the black label or early wave (E) on the red label," explained the research team MNC Sekuritas. Therefore, the JCI is estimated to be still prone to corrections to test areas 6,973-7,065 first. The bullish scenario in blue, the JCI is currently forming the beginning of the wave [v] from wave 1 and will lead to 7,355.