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Jakarta, CNBC Indonesia – Combined Stock Price Index (IHSG) in closure Commerce first session Tuesday (22/ 12/20) stuck in the red zone 0.84% ke level 6.113, 89 after the appearance Pressure new corona virus in several countries in Europe.
Trade data indicated that foreign investors were selling Net IDR 390 billion in today’s regular market with the current transaction value touching Rp 10.4 trillions.
British Health Minister Matt Hancock announced the discovery of a new variant of the corona virus called VUI 202012/01 or in his group of phylogenetic tree (family tree based on genetic data) called variant B.1.1.7.
The new variant of the Covid-19 virus is said to have a 70% greater chance of transmission than the original strain. The World Health Organization (WHO) has identified this virus in Denmark, the Netherlands and Australia.
Apart from the problem of the pandemic, investors will pay close attention to the development of the national reorganization. Source CNBC Indonesia in ring 1 I said that Jokowi had thought about reorganizing the cabinet in recent months.
Jokowi is said to be “unable to bear” the current conditions. If professional and qualified names appear, JCI has the opportunity to move on a positive path.
 Photo: Screening of IHSG Session II, December 22, 2020 / Tri PutraIHSG Session II Screening, December 22, 2020 / Tri Putra |
Technical analysis
JCI movement using the hourly (hourly) period of the Boillinger Band (BB) indicator via the upper bound (resistance) and lower bound (support) area method. Currently, JCI is in the lower boundary area, so further movement in JCI has the potential for correction.
To convert the bias to bullish or strengthening, it is necessary to pass the resistance level that is located in the area of 6.159. Meanwhile, to continue the downtrend or decline, it is necessary to pass the support level at the 6.102 zone.
The Relative Strength Index (RSI) indicator is a momentum indicator that compares the amount of current price rise and fall over a period of time and serves to detect overbought conditions above the 70-80 level and oversold below the level 30 20.
Currently, the RSI is in the 50 area which has not shown an overbought indicator, despite the fact that the RSI is starting to consolidate after previously touching the overbought level. This generally indicates that JCI will tend to depreciate further.
In general, through a technical approach with the BB indicator in the lower bound area, the next move tends to be bearish or corrected. This is also confirmed by the appearance of the RSI indicator that is consolidating to the downside.
The index must pass (break) one of the resistance or support levels to see the direction of the next move.
CNBC INDONESIA RESEARCH TEAM
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(trp / trp)
