JCI Monday Diramal Membuat, These Are Some Recommended Shares

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is expected to continue its strengthening in today's trading, Monday, January 9.

The Phintraco Sekuritas Research Team said the JCI formed a negative slope narrowing on the stochastic RSI and MACD, along with the technical rebound Friday (6/1/2023). Phintraco Sekuritas projects the JCI will have resistance at the level of 6,800, with support at the level of 6,650.

"Based on this movement, we project the JCI has the potential to continue its rebound to 6,740-6,770 tomorrow Monday," wrote Phintraco Sekuritas in his research.

Domestic positive sentiment came from an increase in foreign exchange reserves by 2.39 percent month-to-month (MoM) to 137.2 billion US dollars as of the end of December 2022. This amount is equivalent to 6 months of imports or 5.9 months of imports, and payment of government foreign debt.

From external, the majority of regional index rose on Friday 6 January, responding to the relaxation of the loan policy by the property developer in China. Another positive sentiment is the continuation of the rebound in oil prices.

crude prices rose 0.20 percent to 73.82 dollars per barrel on Friday afternoon. This dampens the sell-off on energy stocks on Friday and is expected to continue this Monday.

Phintraco Sekuritas has top picks for trading today the majority on blue chip stocks with potential rebounds such as BBCA, BBTN, ANTM, ADRO, JPFA, and CPIN.