JCI Is Projected To Strengthen On Wednesday, This Row Of Stocks Is Worth Paying Attention To

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to strengthen in today's trading, Wednesday, July 12. Phintraco Sekuritas estimates the JCI will be traded at 6,820 resistance, 6,750 pivot, 6,700 support.

Phintraco Sekuritas explained, along with last Tuesday's strengthening, the JCI recorded breakout resistance at 6,750. This strengthens indications of bullish reversal in the medium term of head and shoulders patterns.

"Today's JCI is estimated to fluctuate with a tendency to strengthen in the range of 6,750-6,820," wrote Phintraco Sekuritas in his research.

Health stocks became one of the main drivers of the JCI on Tuesday. This was triggered by market euphoria against the ratification of the health omnibus law law.

This condition needs to be observed on Wednesday considering that the market may still consider the impact of the health omnibus law on the performance of health issuers.

From external, Phintraco Sekuritas said, economic data in Europe which is relatively worse than expectations has the potential to affect the direction of monetary policy from central banks in Europe.

"Especially the European Central Bank (ECB) after economic sentiment data in the Euro Area and Germany experienced a significant weakening in June," added Phintraco Sekuritas.

Phintraco Sekuritas recommends KLBF, SIDO and MIKA shares that have the potential to continue rebounding as long as there is no pullback at the start of trading today. Other stocks that can be considered include BMRI, BBRI, TLKM, ICBP, HMSP and MYOR.