JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to test resistance on Wednesday, August 22, after closing higher by 0.73 percent or 50.41 points to 6,916.45 yesterday.
Phintraco Sekuritas in its research estimates that the JCI will have the opportunity to test resistance in the range of 6,930-6,950 today.
"Technically, the JCI is back on top of the MA20 and the Stochastic RSI has the potential to form a golden cross in the oversold area," explained the research of Phintraco Sekuritas.
For information, global sentiment for the JCI movement will come from S&P Global, which on Monday 21 August lowered the debt rating of a number of banks in the United States (US). This move follows a similar action taken by Moody's last week.
VOIR éGALEMENT:
The decline in this rating is considered to add to the pressure for the Fed to be more accommodative in the upcoming FOMC.
The selected stocks from Phintraco Sekuritas include BBCA, BMRI, BBRI, TLKM, ASII, UNTR, ITMG, and HRUM.
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