Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) at the close of trading last Wednesday (18/11/20) was in the green zone, up 0.50% at the level of 5,557.51.
Trade data noted that foreign investors made net buying of Rp. 475 billion in the regular market, with today’s transaction value of Rp. 12.2 trillion.
JCI rally during the last 2 weeks was unstoppable. Since 2 weeks ago, JCI has managed to climb 8.85% from the level of 5,105.19 and only recorded a correction once. 232 shares flew, 210 shares were corrected, and 175 were stagnant.
Before today’s trading opens, Thursday (19/11), here are the selected stocks of a number of securities:
Samuel Sekuritas – JCI Rally Continues
JCI closed gap around 5,500, and now the rally continues. The target resistance (upper limit) looks at the range of the 5,700 level, with notes uptrend line stay solid.
Preferred stocks:
PGAS
INCO
SSIA
PWON
Reliance Sekuritas Indonesia – Index Strengthening on Hold
Technically, the JCI returned to strength by successfully testing resistance 5,550. Indicator stochastic moving in consolidation with the MACD indicator divergence negative. The RSI indicator has consolidating momentum in the overbought area. JCI movement technically will strengthen halted.
Preferred stocks:
TBIG
GGRM
HMSP
KLBF
Artha Sekuritas – Vigilant Profit Taking
JCI is predicted to strengthen. This strengthening is supported by the weakening of the US Dollar exchange rate against the rupiah. Technically, the movement is still deep trend bullish strong but need to watch out for action profit taking in the short term. Investors also need to pay attention to the number of covid-19 cases in Indonesia, which is rising rapidly again.
Preferred stocks:
TINS
ANTM
ASRI
TLKM
MNC Sekuritas – IHSG Vulnerable to Correction
Currently, JCI is expected to be in the wave v area of wave (v) of the wave [iii] with the target in the range 5,570-5,650. After that, JCI will be vulnerable to correction to form waves [iv] with correction target of 5,350-5,470.
Preferred stocks:
GGRM
ITMG
BBRI
(bag bag)
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