JCI Tuesday Has A Chance To Strengthen, Five Shares Can Be An Option

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) has the opportunity to strengthen in today's trading, Tuesday, December 24, after closing up 112.5 points (1.61 percent) yesterday to the level of 7,096.4.

Phintraco Sekuritas in his research said, technically, the JCI brokeout MA5 (7,060) and there was a negative slope narrowing in the MACD and stochastic RSI which were already in the oversold area.

"That way, the JCI has the potential to continue strengthening and moving in the range of 7,000-7,150 on Tuesday's trading," wrote Phintraco Sekuritas.

Going forward, the market is looking forward to releasing US Durable Goods Orders data for December, which is projected to drop to 0.2 percent compared to the previous month's 0.2 percent level.

The decline could be an indication of a slowdown in economic activity in the US, which has the potential to affect global market sentiment.

"However, market participants will also pay close attention to data and other economic developments in order to get a more comprehensive picture of the global economic outlook," explained Phintraco Sekuritas.

On the other hand, new home sales data in the United States in November 2024 is expected to increase. The increase in home sales data is expected to be influenced by the Fed's policy of cutting interest rates by late 2024.

"The recovery of the sector provides a positive signal that can reduce pressure on the global market, although other sectors still face slowdown challenges," explained Phintraco Sekuritas.

The stocks recommended by Phintraco Sekuritas today are BBRI, TLKM, ICBP, AUTO, and ASII.