JCI has the opportunity to strengthen, take a look at the following stocks

Reporter: Akhmad Suryahadi | Editor: Wahyu T. Rahmawati

KONTAN.CO.ID – JAKARTA. Composite Stock Price Index (IHSG) has the opportunity to continue strengthening today (29/3). As an illustration, the JCI was successfully closed up 1.19% to the level of 6,195.56 on Friday trading (26/3).

Sucor Sekuritas analyst Hendriko Gani said the JCI on Monday (29/3) had the potential to move mixed strengthened with support 6,150 and resistance 6,280. According to Hendriko, JCI will have minimal domestic sentiment

The movement will be influenced by global sentiment such as a rebound yield US Treasury on Friday night’s trade. “As well as positive movements from global exchanges, and the development of issues lockdown in Europe, “explained Hendriko to Kontan.co.id, Sunday (28/3) night.

For today’s trading, technically, investors can look at the shares of PT PP Tbk (PTPP) who managed to survive above the internal downtrend line at the level of Rp. 1,480 with resistance at the level of Rp. 1,650.

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Indonesia’s Phillip Sekuritas Research Team said investors would digest China’s Industrial Profit data which reached 1.11 trillion yuan (US $ 170.3 billion) in the first two months of this year, a 179% jump from the achievement in the same period last year. Specifically, it is a signal of a recovery in the manufacturing sector and a general revival of China’s economic activity.

This week, investors will anticipate several events that could affect the direction of the index movement. Investors will await the announcement of US President, Joe Biden, regarding the details of his US $ 3 trillion – US $ 4 trillion infrastructure plan on Wednesday (31/3) in the city of Pitsburgh. On Thursday (1/4), investors will monitor the OPEC + meeting which will discuss production levels for the month of May.

From a macroeconomic perspective, investors will look forward to the release of manufacturing purchasing managers’ index (PMI) data for a number of countries in the world on this date as well as the release of US Non-Farm Payrolls (NFP) data for March on Friday (2/4).

Also Read: JCI is projected to strengthen today Monday (29/3), take a look at the following stocks

Phillip Sekuritas Indonesia projects that the JCI will move bullish (moderate) with support 6,075 and resistance 6.256.

As for a number of stocks that can be observed, including:

PT Bank Tabungan Negara Tbk (BBTN)

Short term trend: Bearish
Medium term trend: Bullish
Trade buy: Rp 1.845
Target price 1: Rp  1.920
Target price 2: Rp 1.970
Stop loss: Rp 1.765

PT Bumi Serpong Damai Tbk (BSDE)

Short term trend: Bearish
Medium term trend: Bullish
Trade buy: Rp 1.190
Target price 1: Rp 1.235
Target price 2: Rp 1.255
Stop loss: Rp 1.145

PT Summarecon Agung Tbk (SMRA)

Short term trend: Bearish
Medium term trend: Bullish
Spec buy: Rp 990
Target price 1: Rp 1.040
Target price 2: Rp 1.070
Stop loss: Rp 915

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