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Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) at the close of trading last weekend, Friday (6/11/2020), closed 1.43% higher at 5,335,529. JCI had fallen in the correction zone but managed to get up and finish in the green zone.
Trade data indicated that the total value of the transaction on the national stock exchange reached Rs 10.5 trillion.
On 2 consecutive days last week, foreigners also bought national capital assets by registering a net purchase of Rp 894.85 billion in the regular market.
At the end of last week, market players were still waiting for the results of the presidential elections that took place in the United States. In accordance with market expectations, Joe Biden was presented as the winner in the tough competition, announced on Saturday (11/7/2020) local time.
According to analysts, Joe Biden’s victory will benefit emerging markets. All because of the US dollar. Biden’s victory is expected to weaken the position of the US dollar.
To welcome the beginning of the week with joy, here are some actions recommended by a number of values:
Samuel Sekuritas – Market getting more and more excited
JCI managed to break out of the 5,180 resistance level, and now has the potential to test the 5,400 resistance.
Preferred shares:
BBCA
BBRI
SMGR
KLBF
Artha Sekuritas: Market players are concerned about European Covid-19 cases
JCI is expected to have limited earnings. The move is still driven by electoral sentiment in the United States, but is vulnerable to correction due to concerns about Covid-19 in Europe. Investors will wait for data on Indonesia’s foreign exchange reserves.
Preferred shares:
ASII
IMAS
MNCN
PTPP
Reliance Sekuritas – JCI begins to enter overbought area
Technically, IHSG has gotten closer to the goal of the pennant pattern and tested resistance (upper limit) the highest level of the wave rebound in August it was around the level of 5382. The optimistic movement was accompanied by the MACD indicator that has trend positive histogram. ADX indicator signaling an uptrend with a reversal indication pattern from the ADX acceleration line. However, in terms of momentum, JCI tends to start entering the area. overbought (saturated purchase).
Preferred shares:
DOID
ELSA
KLBF
PTBA
MNC Sekuritas – Limited Strengthening Index
This assurance believes that JCI’s position has achieved the ideal goal of wave (v) of wave [c] since wave B, so the strengthening of JCI has been relatively limited. In the short term, JCI is vulnerable to a correction in the 5,120-5,230 area first. However, if JCI exceeds 5,382, then JCI will experience an extension to form a red wave scenario. [i] wave 3 wave (C) or wave (3).
Preferred shares:
GGRM
AALI
EXCL
[Gambas:Video CNBC](bag of bag)
