JCI Tuesday Strongback, What Stocks Are Recommended?

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to strengthen in today's trading, Tuesday, May 9, after weakening 0.27 percent or 18 points to 6,769.63 yesterday.

Phintraco Sekuritas in his research said that the JCI again tried to close the gap to 6,760 on Monday. Therefore, if the JCI persists above that level, the JCI has the potential to be technical rebound to around 6,800 this Tuesday.

"JCI on Tuesday will move within support areas at the level of 6,710 and resistance at the level of 6,810. Domestic economic data is relatively solid, can be a positive catalyst for the JCI rebound," explained the research on Phintraco Sekuritas.

The latest economic data is the realization of Indonesia's economic growth in the first quarter of 2023 of 5.03 percent which is higher than the estimated 4.95 percent and foreign exchange reserves of 144.2 billion US dollars as of the end of April 2023.

The focus of market players will be on releasing consumer confidence index data as of April 2023. Meanwhile, external export and import realization of China in April 2023.

Meanwhile, stocks that can be considered on Tuesday according to Phintraco Sekuritas are ASII, BBCA, UNTR, ADRO, PTBA, PGAS, INTP, TINS, and BBTN.