[ad_1]
ILLUSTRATION. The screen shows the movement of the stock trading at the Indonesian Stock Exchange building, Jakarta. AMONG PHOTOS / Hafidz Mubarak A / wsj.
Reporter: Kenya Intan | Editor: Herlina Kartika Dewi
KONTAN.CO.ID – JAKARTA. On Monday (11/30), the Jakarta Composite Index (JCI) closed down 2.95% at 5,612 levels.
Lanjar Nafi, an analyst at Reliance Sekuritas, noted that stocks in the infrastructure sector, various industries and financial sectors fell the most today. Citing IDX data, the infrastructure, utilities and transportation sectors were depressed by 5%. Subsequently, the miscellaneous industry sector decreased by 3.94% and the financial sector decreased by 3.31%.
“Investors are seen doing a portfolio rebalancing at the end of November to welcome the end of the year that is still haunted by vaccine uncertainty,” he explained in an investigation received by Kontan.co.id on Monday. (11/30).
For Tuesday’s (1/12) trading, Lanjar sees that, technically, JCI has the potential to continue weakening after breaking support for MA5, which was strong support during November.
Read also: JCI has the potential to be corrected, along with a shared recommendation from Binaartha Sekuritas.
He further explained that wave 3 of the Elliot wave cycle appears to be over and is trying to form wave 4, which has an ideal FR target in the 5,500 range. The stochastic dead cross indicator is in the oversold area with the MACD indicator showing negative divergence in the oversold area.
“So technically, JCI has the potential to weaken to test the MA20 support in the 5,500 range with support for resistance at 5,500 to 5,660,” it wrote in its research, on Monday (11/30).
Regarding stocks that can be technically observed, such as ACES, ASII, BBCA, CPIN, ERAA and KLBF.
DONATION, Get Free Vouchers!
As an expression of appreciation for your attention, there are free gift vouchers that can be used to shop at the KONTAN store.
