Jakarta, hitclubapk3 Indonesia
—
Index
Stock Prices
Combined (
IHSG
) is projected to strengthen on
trade
Thursday (20/11).
WH-Project Founder William Hartanto sees the stock index returning to an uptrend after breaking through level 8,361 and
resistance
8,400, driven by technical factors and sector rotation to banking which received positive sentiment from
net buy
foreign since the end of October.
According to him, Bank Indonesia (BI)’s decision to maintain interest rates at 4.75 percent also did not move the market.
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“There was no turmoil in stock trading after the release,” said William in his daily research.
With this sentiment, William projects that the JCI will move in a range
support
8,361 and
resistance
8,429 today.He also recommended a number of stocks, namely BUMI, COIN, KING, and QUEEN.
Meanwhile, Binaartha Sekuritas analyst Ivan Rosanova said the stock index had the opportunity to test
resistance
at level 8,452 as long as the index remains above
support
Fibonacci 8.354.
However, if it falls through this level, the correction could continue towards 8,312 to 8,255.
“A break below 8,354 could trigger a deeper correction,” said Ivan in his daily research.
He also predicts that the JCI will move at level
support
8,312, 8,255, 8,163, and 8,061 and
resistance
8,453, 8,486, 8,595, and 8,703 today.Ivan also recommended a number of stocks, namely AADI, JPFA, KLBF, MEDC, and UNVR.
JCI closed at level 8,406 on Wednesday (19/11) afternoon.The stock index rose 44.65 points or up 0.53 percent from previous trading.
Quoting RTI Infokom, investors made transactions amounting to IDR 29.34 trillion with the number of shares traded amounting to 44.02 billion shares.
At yesterday’s close, 335 stocks rose, 285 corrected, and 191 stagnated.
Editor’s Note:
This news is not made to recommend or not recommend certain stocks.Investment decisions are completely in the hands of the reader.
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(del/dhf)
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