Jakarta, hitclubapk3 Indonesia
—
Price Index
Shares
Combined (
IHSG
) is projected to strengthen in trading Monday (22/12).
WH-Project Founder William Hartanto sees that the weakening of the stock index at the end of last week’s trading could lead to two scenarios, overbought which triggers a bearish reversal or simply closing the gap at level 8,554 which indicates a healthy correction.
According to him, with few trading days, the opportunity for significant strengthening is limited so it is considered difficult for the index to reach 9,000.William said the market focus is now on the index’s ability to withstand weakness in the 8,554 area and maintain strong support at 8,612.
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“Weakening of the JCI could be a bearish reversal or just closing the gap, and with fewer trading days the chance of reaching 9,000 becomes small,” said William in his daily research.
With this sentiment, William projects that the JCI will move in the support range of 8,600 and resistance of 8,700 today.He also recommended a number of stocks, namely DEWA, BMRI, PGAS and MAIN.
Meanwhile, MNC Sekuritas Technical Analyst Herditya Wicaksana estimates that the stock index is currently in the wave [iv] phase of wave 5, so the index is considered still prone to correction to test the 8,464-8,560 area while closing the slight gap.
In the worst scenario, he said, the JCI has actually completed wave (1) and has the potential to be corrected deeper towards the 8,000 area.
“IHSG is in wave [iv] of wave 5 so it is prone to correction to 8,464-8,560, but in the worst case the correction could continue to the 8,000 area,” said Herditya in his daily research.
He also predicts that the JCI will move at support levels of 8,553, 8,493 and resistance levels of 8,714, 8,821 today.Herditya also recommended a number of shares, namely ENRG, IMPC, INKP, and MEDC.
JCI closed at level 8,609 on Friday (19/12) afternoon.The stock index weakened 8.64 points or minus 0.10 percent from previous trading.
Quoting RTI Infokom, investors made transactions amounting to IDR 47.06 trillion with the number of shares traded amounting to 40.78 billion shares.
At the close of last week, 197 stocks rose, 473 corrected, and 133 stagnated.
Editor’s Note
: This news is not made to recommend or not recommend certain shares.Investment decisions are completely in the hands of the reader.
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(del/pta)
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