[ad_1]
ILLUSTRATION. Employees walk near the stock movement screen at the Indonesian Stock Exchange (EIB) building, Jakarta, on Friday (11/12/2020).
Reporter: Akhmad Suryahadi | Editor: I knew laoli
KONTAN.CO.ID – JAKARTA. As of the third week of December 2020, the Jakarta Composite Index (JCI) successfully closed 1.25% higher to the level of 6 012 516. This strengthening was significant enough to lead to the JCI back above the 6,000 level.
Binaartha Sekuritas analyst Muhammad Nafan Aji Gusta Utama said that the strengthening of JCI on Monday (12/14) was driven by the stability of internal macroeconomic fundamentals that are inclusive and sustainable. This provided a positive catalyst for the strengthening of JCI in Tuesday’s operations.
Nafan said that the most adequate amount of foreign exchange reserves had a positive impact on the stability of the rupee exchange rate. In addition, the Consumer Confidence Index (IKK) has also experienced an uptrend, although it is still below 100.
“In the context of dealing with the impact of Covid-19, the government has managed to bring 1.2 million Covid-19 Sinovac vaccines from China in the context of mass vaccination,” Nafan said on Monday (12/14) .
Read also: With a decline of 11.56% at the beginning of December 2020, this is the recommendation of the analysts for Sarana Menara (TOWR)
Meanwhile, from a global perspective, the sentiment raised by JCI was related to the market’s enthusiasm awaiting a fiscal stimulus deal for the United States (US). On the other hand, the global economic recovery provided a positive catalyst for increased global demand for commodities.
For trading on Tuesday (12/15), Nafan said that according to the fobonacci ratio, the support and resistance levels will be at 5,874.89 to 6,157.11. According to the indicators, MACD, Stochastic and RSI show positive signals.
On the other hand, a long white marubozu candle pattern is seen indicating a possible bullish continuation in the JCI move so that it has a chance to go to the nearest resistance.
Binaartha Sekuritas stock recommendations for Tuesday’s trading include:
Read also: Bumi Serpong Damai (BSDE) posted highest presale, analysts recommend
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.
