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Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) on Wednesday (02/12/20) closed in the green zone and soared 1.39% to 5,804.67 levels. The index was finally able to break its psychological resistance at 5,800 and became the highest close after collapsing under the Covid-19 pandemic last March.
Trade data indicated that foreign investors made net sales of Rs 71 billion in the normal market with a transaction value of Rs 16.4 trillion.
Before trading opens, check out the following multi-security stock options for Thursday (03/12/2020):
1. Artha Sekuritas – The index will get stronger
JCI is expected to grow stronger. Technically, the move will still strengthen in a strong uptrend. Especially towards the end of the year it will be driven by the showcase. The positive sentiment also came from optimism that the Covid-19 vaccine will be distributed worldwide in the near future.
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2. Reliance Sekuritas Indonesia: JCI is saturating
Technically, JCI managed to break the resistance at 5800 in a rather bullish move after being strong above MA20 and lower Bollinger bands. The stochastic indicator is consolidating in a high enough area after forming a dead crossover pattern in the overbought area.
The indicator of the Money Flow Index seems quite high, but there are still opportunities for a stronger fluctuation. So that the next JCI move has the potential to saturate and stay at the psychological level of 5,800.
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