Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) on Tuesday (3/11/2020) closed yesterday at 0.86% gain to 5,159.45 points amidst the sentiment of the presidential election in the United States (US).
Trade data recorded that the transaction value reached Rp 7.54 trillion with a volume of 11.53 billion units of shares. However, foreign market players still recorded net sales of Rp 279.76 billion.
Some of the most traded shares include PT MNC Investama Tbk (BHIT), PT Telekomunikasi Indonesia Tbk (TLKM), PT Sri Rejeki Isman Tbk (SRIL), PT Aneka Tambang Tbk (ANTM) and PT Bank Rakyat Indonesia Tbk (BBRI).
Before starting trading Wednesday (4/11/2020), consider the recommended stock options from a number of brokers summarized by CNBC Indonesia:
MNC Sekuritas – JCI to Continue Strengthening
In yesterday’s trading (3/11), JCI moved up 0.9% and closed at the level of 5.159 and broke the MA200. With the breach of the 5,150 level, MNC Sekuritas estimates that the JCI will continue its strengthening to test resistance The next (upper limit) is at 5,182 first. This scenario applies as long as the JCI is not corrected below 5,063.
Preferred stocks:
BBCA
CPIN
TKIM
ASRI
Reliance Sekuritas – Strengthening US Stocks
US stocks closed their biggest two-day rally since September. This gain was led by a surge in bank shares on yields treasury (US bonds) surged amid speculation that the US Congress will bill on expenditures once the election is decided.
The S&P 500 index rose 1.8%, shares of companies in the financial sector rose 2.2%, the most since September. In the latest polls, Democratic candidate Joe Biden overtook incumbent Donald Trump.
Preferred stocks:
ADRO
ANTM
ASII
CTRA
Profindo Sekuritas – JCI Bullish Trend
In today’s trading, JCI is predicted to be in trend bullish in the range of 5,110 – 5.182. Technically, the Stochastic indicator shows a pattern uptrend. Meanwhile, MACD is confirming a positive histogram and pattern uptrend.
Preferred stocks:
IMAS
AALI
HRUM
BBCA
BNI Securities – Test Level 5.232
JCI is showing momentum bullish, didukung Stochastic bullish, candle Bullish Opening Marubozu, MACD bullish, Phase accumulation and trend bullish, as long as it is above 5,057, the volume trend is increasing, closing above 5,131 (5 Day MA). If it closes below 5,057, the JCI will be in the range 4,962 / 4,880. Meanwhile, if it closes again above 5,057, then JCI has the opportunity to head to 5,181 / 5,232.
Preferred stocks:
BBRI
HMSP
INKP
ITMG
(bag bag)
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