Home » Business » JCI will continue strengthening Wednesday (25/11), these stocks have also raised

JCI will continue strengthening Wednesday (25/11), these stocks have also raised

ILLUSTRATION. Tuesday (24/11), the JCI finally closed up 0.85% to 5,701.03.

Reporter: Kenia Intan | Editor: Wahyu T. Rahmawati

KONTAN.CO.ID – JAKARTA. Composite Stock Price Index (IHSG) moves in the green zone on Tuesday (24/11) trading. JCI finally closed up 0.85% to the level of 5,701.03.

Quoting data from the Indonesia Stock Exchange (IDX), most of the sectors on the stock exchange experienced strengthening. Only the mining sector is blushing 0.29%. Meanwhile, the property, real estate and building construction sectors experienced significant increases by 1.59%. After that, the basic industry and chemical sectors rose 1.43%.

Artha Sekuritas Indonesia analyst Dennies Christoper Jordan observes that the strengthening of the JCI today was driven by the election of Janet Yellen as Minister of Finance of the United States (US). On the other hand, market players are optimistic about the AstraZeneca vaccine, which has proven to be effective in overcoming Covid-19.

According to Dennies, JCI strengthening will still take place in trading tomorrow Wednesday (25/11). JCI is predicted to move with levels support 5,682 to 5.663 and levels resistance at 5,715 to 5,729.

Also Read: IDX Growth 30 has minimal correction, see the share recommendations

“It simply came to our notice then bullish strong. The strengthening is still driven by optimism about the Covid-19 vaccine, “said Dennies in his research, Tuesday (24/11).

Meanwhile from Europe, positive sentiment came from Germany, which experienced a significant strengthening in the gross domestic product (GDP) data. Investors will also be watching the US GDP data which will be released soon.

Amid JCI which is projected to grow, analysts see these stocks will also strengthen:

1. PT PP Tbk (PTPP)

PTPP experienced breakout resistance with a high enough volume. Potential to continue strengthening. Entry level, target price, and stop loss improved. Analysts suggest entering this stock at a price of IDR 1,230 to IDR 1,270. Stop loss at IDR 1,210. The target price is set at Rp. 1,350 to Rp. 1,400.

Also Read: JCI is projected to strengthen on Wednesday (25/11), be aware of profit taking

2. PT Aneka Tambang Tbk (ANTM)

ANTM is moving in a trend bullish strong enough. Potential to test resistance next. Investors are advised to enter ANTM shares at a price of Rp 1,180 to Rp 1,210. Stop loss at IDR 1,150. The target price is targeted at IDR 1,260 to IDR 1,300.

3. PT Global Mediacom Tbk (BMTR)

BMTR is successful breakout resistance at high volume. Potential to continue strengthening. Entry level, target price, and stop loss improved. Analysts suggest entering BMTR at a price of IDR 278 to 284. Stop loss at Rp 274. The target price for this share is id Rp 300 to Rp 310.

Also Read: JCI hit a 9-month high of 5,701 on Tuesday (24/11)

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Reporter: Kenia Intan
Editor: Wahyu T. Rahmawati

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