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Reporter: Ika Puspitasari | Editor: Adi wikanto
KONTAN.CO.ID – JAKARTA. Trading hours on the Indonesian Stock Exchange (IDX) will start soon. Artha Sekuritas Indonesia analyst predicts that there are several stock options to watch for trading today, Friday, February 19, 2021.
The analyst predicts that the Jakarta Composite Index (JCI) will weaken today, Friday, February 18, 2021. Predictions that JCI will weaken today continue to weaken 0.44% to 6,200.31 on Thursday (2/18).
Artha Sekuritas Indonesia analyst Dennies Christopher said JCI closed lower on Thursday after the Bank of Indonesia decided to cut interest rates to 3.50% to help the economy recover.
However, investors use it to make a profit. “The recession is expected to be short term due to support from positive sentiment after the Bank of Indonesia cut interest rates to support economic recovery,” he said in an investigation on Thursday (2/18).
Technically, the stochastic indicator is widening after forming a stalemate and there is still potential for weakness. He predicts that JCI will weaken with resistance 2 at the 6,308 level, resistance 1 at the 6,254 level, support 1 at the 6,173 level and support 2 at the 6,146 level in trading today, Friday. (2/19).
Read also: JCI weakens due to profit taking, see predictions for tomorrow Friday (2/19)
Selected stocks that can be tracked for trading today, Friday (2/19) include:
1. PT Medco Energi International Tbk (MEDC)
MEDC stocks are undergoing a correction but are still stuck in the support area
- Target price: Rp 730 –Rp 750
- Entry level: Rp 685 –Rp 705
- Stop Loss: Rp 670
2. PT Bank Tabungan Negara Tbk (BBTN)
BBTN shares are undergoing a correction but are still stuck in the support area.
- Target price: Rp 1,950 –Rp 2,000
- Entry level: Rp 1,850 –Rp 1,880
- Stop Loss: Rp 1.830
Read also: JCI is under pressure, many of these shares are sold by foreigners, Thursday (2/18)
3. PT Bank Pembangunan Daerah Jawa Timur Tbk (BJTM)
BJTM shares bounced from the support area backed by the widening stochastic indicator after forming a golden cross.
- Target price: Rp 850 –Rp 875
- Entry level: Rp 795 –Rp 820
- Stop Loss: Rp 780
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