Jakarta, CNBC Indonesia – A number of securities predict that the Jakarta Composite Index (IHSG) will try to strengthen this Wednesday (19/5/2021). rebound, after trading on Tuesday (18/5/2021) the index closed almost flat with an increase of 0.01% to the level of 5,834.39.
A number of securities have provided share recommendations that deserve consideration before starting today’s trading opens.
Reliance Sekuritas Indonesia – JCI Strengthened Limited
Technically the JCI has a pattern candlestick bullish counter attack with long shadow low that touches the level support pivot fibonacci ratio thus giving an indication of the movement that is starting to try rebound short-term. Stochastic and RSI indicators are still moving on consolidated momentum in the near area oversold (oversold), so that JCI has the potential to try to strengthen in a limited way.
Preferred stock:
ACST
ADHI
AKRA
ASII
Artha Sekuritas – Investors Worried about the Increase in Covid Cases
JCI is predicted to strengthen. The movement is still overshadowed by concerns about the increasing number of Covid-19 cases in several countries in Asia and in Indonesia after the long Eid holiday. Technically a candlestick is forming doji (pattern in which price open and close almost the same) and stochastic touch the area oversold indicates potential rebound short-term. Before continuing the long-term weakening.
Preferred stock:
ADRO
JPFA
PTBA
DOID
Samuel Sekuritas Indonesia – There is a reversal of direction
IHSG breakdown of the level support (lower limit) 5,900-6,100. The hammer candle is close support 5,750 gives an early indication of it will be pullback.
Preferred stock:
INCO
MPPA
MDKA
MEDC
NH Korindo Sekuritas – IHSG Starts Positive
The initiation of the mutual cooperation vaccination program slightly eased fears of an increase in the number of Covid-19 cases after the Eid holiday. Technically, JCI has the opportunity to move back into the positive area.
Preferred stock:
MPPA
JPFA
INCO
RANC
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