JAKARTA - The movement of the Jakarta Composite Index (IHSG) is projected to continue its rebound in today's trading, Tuesday, June 27, after yesterday's 0.38 percent or 24.93 points to 6.664.67.
In his research, Phintraco Sekuritas said that the JCI has the potential to continue strengthening today, and testing the 6.680 pivot on the last day of trading before the long Eid holiday.
The JCI movement which rebounded on Monday prompted a negative narrowing slope to form in the oversold area at the Stochastic RSI. This opens up further rebound opportunities. JCI on Tuesday is projected to move in the support area of 6.660 and resistance at 6.750.
Even so, Phintraco Sekuritas sees that there are still several factors that can hold back the JCI's movement, one of which is anticipation of the speeches of European Central Bank (ECB) President, Christine Lagarde and Head of the Fed, Jerome Powell this week.
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"Regionally, market players are also anticipating the release of the China NBS Manufacturing PMI. Manufacturing activity in China is expected to remain stuck in contractionary conditions in June 2023," explained research by Phintraco Sekuritas.
According to Phintraco Sekuritas, the recommended stocks for trading are BBRI, BMRI, ASII, GGRM, TLKM, ANTM and EXCL.
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