JAKARTA - The movement of the Composite Stock Price Index (JCI) is projected to weaken on Tuesday, September 20, after yesterday's increase of 0.37 percent to 7,195.48.
Yesterday, 208 recorded price increases, then 354 stocks fell, and 142 stocks were stagnant.
Artha Sekuritas analyst Dennies Christopher Jordan predicts that the JCI will weaken today. Support 1 is expected to be at the level of 7,153, support 2 at 7,112, resistance 1 at 7,233, and resistance 2 at 7,272.
Technically, the lower high and lower low doji candlesticks indicate the potential for weakness will continue. Fundamentally, domestic sentiment is still lacking in economic data.
VOIR éGALEMENT:
"Meanwhile, from the global level, expectations of an aggressive Fed rate hike are still being suppressed in the middle of this week," said Dennies in his research.
Dennies advised investors to pay close attention to WIIM, RALS, and SIDO stocks.
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