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Reporter: Ika Puspitasari | Editor: Wahyu T. Rahmawati
KONTAN.CO.ID – JAKARTA. The Jakarta Composite Index (JCI) was corrected again at the close of business on Tuesday (9/29). JCI contracted 27.45 points or fell 0.56% to the level of 4,879.10. MNC Sekuritas analyst Herditya Wicaksana said that, technically seen, the current JCI move is likely to still be corrected.
“Along with the tendency of market agents to Wait and see in anticipation of the debate United States election the first time, “Herditya said, Tuesday (9/29).
In addition, the cases of spread and the increase in the death rate of Covid-19 are also a concern of the market. Additionally, the market expects more stimulus to be released amid the Covid-19 pandemic.
Herditya estimated that JCI has the potential to weaken again and test the level support for 4,820 closest on Wednesday (9/30). level resistance it is in the area of 5,000. He recommended that market players apply Commerce be quick and watch the levels stop loss of of each of your target actions.
Read also: Without a positive sentiment, there is still the possibility that JCI will weaken again
Phintraco Sekuritas analyst Valdy Kurniawan said the same. He predicted that JCI tends to weaken in the range support-resistance 4,830-4,950 on Wednesday (9/30).
According to Valdy, the attitude of market players towards Indonesia’s economic prospects is one of the factors that will influence the JCI movement. The World Bank recently revised Indonesia’s economic growth projections to a range of -1.6% to -2% for 2020 and from 3% to 4.4% for 2021.
Meanwhile, from a technical point of view, IHSG is testing again critical level 4,880 followed by an extension Pending between MA20 and MA50 indicators that indicate a potential minor bearish continuation.
Valdy believes that there are several stocks that can be observed in trading on Wednesday (9/30) including: ADRO, PTBA, UNTR, ICBP and PWON showing signs of continuation. minor bullish reversal / technical rebound.
Read also: JCI fell 0.56% to 4,879 on Tuesday (9/29), three BUMN shares were sold by foreigners
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