JCI today (13/11) is starting to be under pressure, you should pay attention to the following stocks

Reporter: Avanty Nurdiana | Editor: Avanty Nurdiana

KONTAN.CO.ID – JAKARTA. The Composite Stock Price Index aka IHSG today (13/11) will continue to weaken. JCI fell 0.92%, down 50.91 points to 5,458.60 on Thursday (12/11).

Lanjar Nafi, Analyst of Reliance Sekuritas, explained that technically the JCI formed a below the stomach candlestick pattern with a potential short-term reversal to test support from 5,450-5,400. According to Lanjar, the stochastic indicator is forming a dead-cross pattern in the overbought area.

Also Read: JCI is predicted to weaken again on Friday (13/11), check the technical recommendations of these 3 stocks

The MACD indicator is moving in a negative divergence. So technically, Lanjar sees that JCI has the potential to be under pressure at the end of the week with a movement range of 5,355-5,500.

Shares that can be examined technically include; AALI, HMSP, ICBP, KBLF, LPPF, MIKA, TBIG.

The JCI on Thursday (12/11) closed down 0.92% at the level of 5,458.60 with financial and property sector stocks being the pressure on the JCI movement at the end of the trading session. The financial sector fell 2.13% and property fell 1.57%.

Banking and property and construction stocks saw profit-taking fell more than three percent in today’s trading. BBRI shares fell 4.13%, SMRA fell 4%, CTRA fell 3.35%, BMRI fell 3.14%.

Investors took safe steps towards the end of the week after the JCI experienced a significant strengthening this week. Foreign investors took a net buy of Rp 256.26 billion.

Also Read: The BUMN20 stock index rose in the fourth quarter, see the share recommendations

Asian markets are mixed. Because investors assess the worsening situation of the corona virus in many major countries around the world. Meanwhile, the stock market indicators look too overbought.

Most Asian stocks slumped after a surge in global equity value of around US $ 6 trillion so far in November 2020 followed US and European stock futures to slip.

European markets opened trading with a deep correction to nearly a percent. This is because concerns about the impact of lockdowns in several European zones have become a negative stigma for investors who decide to take profit taking. Especially after experiencing a surge in equity after the US presidential election and the development of the Covid-19 vaccine.

Investors are also awaiting the outcome of the meeting of European Central Bank President Christine Lagarde, Governor Andrew Bailey and Federal Reserve Chair Jerome Powell were among the speakers on Thursday at the online ECB Forum entitled “Central Banks in a Changing World.”

Also Read: Continuing profit taking, JCI is predicted to be under pressure on Friday trading (13/11)

G20 Group of finance ministers and central bankers are holding an extraordinary meeting Friday to discuss bolder actions to help poor nations that are struggling to pay their debts.