JCI Expected to Decline, See Stock Recommendations from MEDC, TLKM and WSB, Monday (9/21)



[ad_1]

Reporter: Kenya Intan | Editor: I knew laoli

KONTAN.CO.ID – JAKARTA. The Jakarta Composite Index (JCI) was in the green zone on Friday (9/18) trading. Citing data from the Indonesian Stock Exchange (IDX), JCI closed up 0.41% or 20.82 points to 5,059.22.

EIB statistics show that most sectors saw a strengthening in trade last Friday. The most significant gains were recorded by the commerce, services and investment sectors, which increased by 2.03%.

After that, it was followed by infrastructure, public services and transportation that increased 1.80%. The basic industry and the chemical sectors also strengthened considerably to 1.53%.

On the other hand, the IDX pointed out that there are still sectors that experienced weakness, such as agriculture, which showed 1.85%. Subsequently, there were several industrial and financial sectors that eroded by 0.90% and 0.56%.

Read also: JCI and Asian Stock Exchanges Will Go Green This Week, Along With The Driving Force

Artha Sekuritas Indonesia analyst Dennies Christoper Jordan observed that JCI closed higher amid rampant negative sentiment and high cases of Covid-19. On the other hand, foreign investors registered a net sale or net sale up to nearly 1 trillion IDR.

Therefore, for operations tomorrow Monday (9/21), Dennies predicts that JCI will still weaken. JCI will move with support levels from 5,030 to 5,002. On the other hand, resistance levels will be at 5,079 to 5,100.

“JCI is forecast to weaken on a limited basis. Technically, the stochastic is moving tight, indicating that the weakening trend will be limited,” he explained in his research on Friday (9/18).

In addition to the Covid-19 case, which is still worrying, JCI tomorrow tends to move limited due to the lack of sentiment at the beginning of the week.

Amid JCI, which is expected to move slowly, analysts observe these actions:

Read also: The price of gold could touch US $ 2,150 next year, low interest rates are the cause

1. PT Medco Energi International Tbk (MEDC)

MEDC advances at a fairly high volume. The potential to continue to strengthen is driven by stronger world oil prices. Analysts suggest that investors enter MEDC at a price of Rp. 410 to Rp. 420. The stop loss is at Rp. 400. The target price for the MEDC is Rp. 440 to Rp. 450.

DONATION, Get Free Vouchers!

Your support will increase our enthusiasm for presenting useful and quality articles.

As an expression of appreciation for your attention, there are free gift vouchers that can be used to purchase at the KONTAN store.



[ad_2]