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November Tapering Horror Signal, Check Featured Stock Leaks!

Jakarta, CNBC Indonesia – The Jakarta Composite Index (JCI) on Thursday (23/9/2021) is estimated to have a chance to strengthen. However, it should be noted that this strengthening is still limited.

Investors are still watching the sentiment of the Chinese property company, Evergrande. other than that tapering (the policy of reducing asset purchases) from the United States central bank, the Fed, is also still looming.

Meanwhile, in trading yesterday, Wednesday (22/09/2021), the index closed up 0.78% to 6,108.27.

Samuel Sekuritas Indonesia – JCI Will Rebound

JCI movement is expected to experience rebound from its current support level (lower limit). Investors still have to anticipate the index movement in the range of 6,030-6,160.

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Reliance Sekuritas Indonesia – There is a Strong Opportunity

Technically the JCI is moving whipsaw at level support MA200 and potential to strengthen again to test resistance fractal and upper bollinger bands. Stochastic and RSI indicators are still providing bearish momentum which first confirmed the dead-cross in the area overbought (overbought), so the opportunity to strengthen the JCI is still open but limited.

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Artha Sekuritas – Evergrande Sentiment Begins to Fade

JCI is predicted to strengthen. Technically candlestick shape higher high and higher low indicates there is potential for short-term strengthening. However, the strengthening is expected to be only temporary. Stock market movements are still overshadowed by concerns due to the plan tapering The Fed and will be influenced by the Fed’s interest rate decisions. Concerns about Evergrande’s default case faded a bit.

Market participants are currently waiting for the announcement of the Fed’s monetary policy on Thursday (23/9) early this morning.

The central bank led by Jerome Powell indicated: tapering will be done soon. However, the signal is still in line with market predictions, tapering will be announced in November, and first in December.

“If all progress continues to be in line with expectations, Committee members assess that a reduction in the value of asset purchases is imminent,” the Fed said in a statement.

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Pilarmas Investindo Sekuritas – There is Strengthening, but Limited

The movement of the index in today’s trading is expected to strengthen. However, it should be noted that this movement is quite limited with the range of movement at the level of 6,056 – 6,133.

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