JCI On Friday Potentially Weakening, These Four Stocks Could Be Options

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is projected to weaken in today's trading, Friday, June 23. JCI is expected to be traded at 6,720 resistance, 6,660 pivot, 6,600 support today.

Phintraco Sekuritas in his research explained that the JCI is expected to consolidate today with a tendency to weaken in the range of 6,630-6,680.

"This is supported by the formation of a death cross on MACD. Along with the Stochastic RSI which continues to move down from the overbought area," explained Phintraco Sekuritas.

Phintraco Sekuritas added that the focus of market players this weekend and early next week is expected to remain on decisions and instructions from major central banks in the west regarding monetary policy.

"All of these central banks are indicated to continue strict monetary policy for the next few months," added Phintraco Sekuritas.

Domestically, Phintraco Sekuritas said, BI again held the benchmark interest rate at 5.75 percent on Thursday, June 22. This is done considering that BI still has sufficient room to maintain the benchmark interest rate considering the Rupiah exchange rate which tends to be stable at Rp. 15,000 per US dollar and inflation which continues the downward trend approaching the Government's assumption at 2-4 percent.

Phintraco Sekuritas recommends that market participants be able to pay close attention to the four cuan candidates today.

"The four stocks are SRTG, ERAA, MIKA, and SAME," concluded Phintraco Sekuritas.